Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,149,928 shares of the company’s stock after buying an additional 44,865 shares during the quarter. Geode Capital Management LLC’s holdings in Hamilton Lane were worth $170,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CBIZ Investment Advisory Services LLC grew its position in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the period. State of Alaska Department of Revenue grew its holdings 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 period. Arizona State Retirement System raised its position in Hamilton Lane by 0.7% during the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after acquiring an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. raised its position in Hamilton Lane by 5.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after acquiring an additional 84 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in Hamilton Lane by 0.6% in the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after acquiring an additional 93 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Down 3.7 %

Shares of NASDAQ:HLNE opened at $135.66 on Monday. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 25.03 and a beta of 1.28. Hamilton Lane Incorporated has a 12-month low of $108.34 and a 12-month high of $203.72. The business has a 50-day moving average price of $152.82 and a 200 day moving average price of $164.81. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. Sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.44%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

HLNE has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. One equities 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $170.71.

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.