Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. boosted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,515 shares of the company’s stock after buying an additional 84 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Hamilton Lane were worth $224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after buying an additional 413,015 shares during the last quarter. State Street Corp raised its stake in Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after acquiring an additional 489,557 shares in the last quarter. Geode Capital Management LLC lifted its position in Hamilton Lane by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after acquiring an additional 25,657 shares during the last quarter. Copeland Capital Management LLC boosted its stake in Hamilton Lane by 0.8% in the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after acquiring an additional 7,106 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hamilton Lane by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock worth $72,943,000 after purchasing an additional 37,680 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HLNE. Wells Fargo & Company decreased their target price on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a report on Tuesday. JPMorgan Chase & Co. lifted their target price 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. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Hamilton Lane has a consensus rating of “Hold” and a consensus price target of $170.86.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $159.86 on Friday. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 34.68 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72. The firm’s fifty day moving average price is $166.44 and its 200 day moving average price is $161.05.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. On average, sell-side analysts expect that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is 42.52%.

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.