Vista Finance LLC Takes $338,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Vista Finance LLC bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,284 shares of the company’s stock, valued at approximately $338,000.

A number of other hedge funds have also made changes to their positions in HLNE. Wellington Management Group LLP boosted its stake in shares of Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after purchasing an additional 413,015 shares during the last quarter. State Street Corp boosted its stake in shares of Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after purchasing an additional 7,106 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $156.19 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.37 and a current ratio of 4.19. The company has a market capitalization of $8.66 billion, a P/E ratio of 28.82 and a beta of 1.25. The company’s 50 day moving average price is $155.92 and its two-hundred day moving average price is $163.66. Hamilton Lane Incorporated has a 52 week low of $103.42 and a 52 week high of $203.72.

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

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.25%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” 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 price objective on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $173.14.

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.