Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,643 shares of the company’s stock after purchasing an additional 14,054 shares during the period. Artisan Partners Limited Partnership’s holdings in Hamilton Lane were worth $39,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after buying an additional 61 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after purchasing an additional 221 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $111,000. R Squared Ltd purchased a new position in Hamilton Lane in the 4th quarter worth about $213,000. Finally, Aigen Investment Management LP acquired a new stake in Hamilton Lane during the 4th quarter worth about $221,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Trading Down 2.5 %

NASDAQ HLNE opened at $147.08 on Friday. 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 Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72. The firm’s fifty day simple moving average is $153.94 and its 200-day simple moving average is $164.85. The company has a market capitalization of $8.15 billion, a PE ratio of 27.14 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last issued 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. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors 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 yield of 1.33%. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HLNE. Wells Fargo & Company decreased their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a report 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 objective on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. One investment 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’s stock. According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average target price 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.