Magnetar Financial LLC Buys New Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Magnetar Financial LLC bought a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 1st quarter, Holdings Channel.com reports. The firm bought 8,201 shares of the company’s stock, valued at approximately $925,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HLNE. Principal Securities Inc. acquired a new position in shares of Hamilton Lane during the 4th quarter valued at $26,000. USA Financial Formulas acquired a new position in Hamilton Lane in the 4th quarter worth $28,000. Covestor Ltd lifted its holdings in Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after buying an additional 298 shares in the last quarter. GAMMA Investing LLC acquired a new position in Hamilton Lane in the 4th quarter worth $48,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Hamilton Lane by 345.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after buying an additional 394 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE traded up $2.26 during trading on Friday, reaching $144.11. 295,252 shares of the company’s stock traded hands, compared to its average volume of 347,982. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 3.02. Hamilton Lane Incorporated has a 12 month low of $78.66 and a 12 month high of $146.28. The company has a 50 day moving average of $126.44 and a 200-day moving average of $118.06. The stock has a market capitalization of $7.78 billion, a P/E ratio of 39.05 and a beta of 1.17.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The business had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. On average, equities analysts expect that Hamilton Lane Incorporated will post 4.52 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, June 14th. Hamilton Lane’s payout ratio is presently 53.12%.

Analysts Set New Price Targets

HLNE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, May 24th. Finally, UBS Group boosted their price objective on shares of Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 24th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.29.

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.