Nomura Asset Management Co. Ltd. Acquires 2,928 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Nomura Asset Management Co. Ltd. boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 567.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,444 shares of the company’s stock after acquiring an additional 2,928 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hamilton Lane were worth $510,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its position in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after purchasing an additional 61 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Hamilton Lane by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after buying an additional 65 shares during the period. Arizona State Retirement System increased its stake in shares of Hamilton Lane by 0.7% in the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock worth $1,653,000 after acquiring an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. lifted its position in Hamilton Lane by 5.9% during the 4th 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 during the period. Finally, Orion Portfolio Solutions LLC boosted its stake in Hamilton Lane by 0.6% during the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock worth $2,509,000 after acquiring an additional 93 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Trading Down 9.4 %

Hamilton Lane stock opened at $140.89 on Friday. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72. The business’s fifty day moving average is $153.33 and its 200 day moving average is $164.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market capitalization of $7.81 billion, a PE ratio of 25.99 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 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 analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.49 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.39%. Hamilton Lane’s payout ratio is presently 36.16%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HLNE. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Oppenheimer raised 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. Finally, The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and an average price target of $170.71.

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.