Rhumbline Advisers Boosts Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Rhumbline Advisers increased its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 122,718 shares of the company’s stock after purchasing an additional 4,176 shares during the quarter. Rhumbline Advisers’ holdings in Hamilton Lane were worth $18,168,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CWM LLC boosted its stake in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane during the third quarter valued at about $111,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Hamilton Lane in the third quarter worth about $127,000. KBC Group NV boosted its position in shares of Hamilton Lane by 18.0% in the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after acquiring an additional 174 shares during the period. Finally, Associated Banc Corp purchased a new position in Hamilton Lane during the third quarter valued at approximately $212,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HLNE has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Wells Fargo & Company lifted their price objective on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $173.14.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $151.46 on Friday. The company has a market capitalization of $8.40 billion, a P/E ratio of 27.94 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 52-week low of $103.42 and a 52-week high of $203.72. The company has a fifty day moving average of $154.28 and a 200-day moving average of $164.19.

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

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Hamilton Lane Profile

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.