Van ECK Associates Corp Increases Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Van ECK Associates Corp grew its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 46.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,069 shares of the company’s stock after acquiring an additional 11,813 shares during the period. Van ECK Associates Corp’s holdings in Hamilton Lane were worth $5,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Hamilton Lane by 34.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 76,656 shares of the company’s stock worth $11,349,000 after buying an additional 19,721 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Hamilton Lane by 3.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the company’s stock valued at $1,717,000 after buying an additional 400 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $2,421,000. State of Alaska Department of Revenue boosted its position in Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after acquiring an additional 65 shares during the last quarter. Finally, Caitlin John LLC grew its stake in Hamilton Lane by 4.8% in the 4th quarter. Caitlin John LLC now owns 10,223 shares of the company’s stock worth $1,514,000 after acquiring an additional 466 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $159.27 on Wednesday. Hamilton Lane Incorporated has a 12-month low of $103.42 and a 12-month high of $203.72. The company has a market cap of $8.83 billion, a PE ratio of 29.39 and a beta of 1.25. The stock has a 50 day simple moving average of $155.20 and a 200-day simple moving average of $164.09. The company has a current ratio of 4.19, a quick ratio of 3.37 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. On average, equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio is 36.16%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HLNE. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. UBS Group lifted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Morgan Stanley upped their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $173.14.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.