Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.37 Million Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,225 shares of the company’s stock after buying an additional 290 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hamilton Lane were worth $1,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC raised its position in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after acquiring an additional 61 shares in the last quarter. State of Alaska Department of Revenue raised its holdings 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 valued at $705,000 after purchasing an additional 65 shares during the period. Arizona State Retirement System lifted its stake in Hamilton Lane by 0.7% in the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after purchasing an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. grew its holdings in Hamilton Lane by 5.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock worth $224,000 after purchasing an additional 84 shares during the period. Finally, Orion Portfolio Solutions LLC increased its position 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 buying an additional 93 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $157.61 on Wednesday. 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 firm has a market cap of $8.74 billion, a price-to-earnings ratio of 29.08 and a beta of 1.28. The stock’s fifty day moving average price is $153.79 and its two-hundred day moving average price is $165.06. Hamilton Lane Incorporated has a one year low of $107.40 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating 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 business had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the prior year, the company posted $0.71 earnings per share. Hamilton Lane’s revenue was up 34.3% compared to the same quarter last year. On average, equities analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.24%. Hamilton Lane’s dividend payout ratio is presently 36.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HLNE. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. Wells Fargo & Company cut their price target on 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 report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of 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 given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane 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.