R Squared Ltd Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

R Squared Ltd bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,440 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also added to or reduced their stakes in HLNE. KBC Group NV lifted its position in shares of Hamilton Lane by 2,006.2% in the 4th quarter. KBC Group NV now owns 24,032 shares of the company’s stock worth $3,558,000 after acquiring an additional 22,891 shares during the period. Lifestyle Asset Management Inc. raised its stake in shares of Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after purchasing an additional 84 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Hamilton Lane by 41.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 2,513 shares of the company’s stock valued at $372,000 after purchasing an additional 741 shares in the last quarter. Artemis Investment Management LLP bought a new position in Hamilton Lane in the fourth quarter worth $30,350,000. Finally, Argent Capital Management LLC boosted its stake in Hamilton Lane by 34.2% during the fourth quarter. Argent Capital Management LLC now owns 12,151 shares of the company’s stock worth $1,799,000 after buying an additional 3,094 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on HLNE shares. UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company dropped their price target on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut their target price on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. One 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. According to data from MarketBeat, Hamilton Lane has a consensus rating of “Hold” and an average target price of $170.86.

Hamilton Lane Trading Up 0.6 %

HLNE stock opened at $159.60 on Wednesday. The business has a fifty day moving average price of $164.47 and a 200 day moving average price of $162.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 34.62 and a beta of 1.24.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.89 earnings per share. Analysts expect that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 42.52%.

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.