Cibc World Markets Corp Purchases Shares of 3,594 Hamilton Lane Incorporated (NASDAQ:HLNE)

Cibc World Markets Corp purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,594 shares of the company’s stock, valued at approximately $532,000.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in Hamilton Lane by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 10,667 shares of the company’s stock valued at $1,796,000 after purchasing an additional 1,451 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in Hamilton Lane during the 3rd quarter valued at $217,000. Mutual of America Capital Management LLC acquired a new stake in Hamilton Lane during the 3rd quarter valued at $3,688,000. Pathstone Holdings LLC raised its stake in Hamilton Lane by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 24,227 shares of the company’s stock valued at $4,080,000 after purchasing an additional 108 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Hamilton Lane during the 3rd quarter valued at $1,683,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HLNE. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $170.71.

Hamilton Lane Trading Up 1.0 %

Hamilton Lane stock opened at $150.64 on Friday. The stock has a market cap of $8.35 billion, a P/E ratio of 27.79 and a beta of 1.28. Hamilton Lane Incorporated has a 12 month low of $107.22 and a 12 month high of $203.72. The company’s fifty day simple moving average is $153.10 and its 200-day simple moving average is $164.81. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

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

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio is presently 36.16%.

Hamilton Lane Company 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.