EFG Asset Management North America Corp. Has $2.79 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

EFG Asset Management North America Corp. increased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,814 shares of the company’s stock after purchasing an additional 294 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Hamilton Lane were worth $2,787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC lifted its stake in shares of Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC increased its holdings in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after purchasing an additional 221 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in Hamilton Lane in the third quarter valued at about $111,000. Harvest Fund Management Co. Ltd bought a new position in Hamilton Lane during the third quarter worth about $127,000. Finally, Associated Banc Corp acquired a new position in shares of Hamilton Lane during the 3rd quarter worth about $212,000. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on HLNE shares. Wells Fargo & Company cut their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report 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 target for the company in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut shares of 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average price target of $170.71.

Hamilton Lane Stock Up 1.1 %

Shares of HLNE stock opened at $157.61 on Wednesday. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 29.08 and a beta of 1.28. Hamilton Lane Incorporated has a 12-month low of $107.40 and a 12-month high of $203.72. The firm has a fifty day moving average of $153.79 and a 200-day moving average of $165.06. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

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

Hamilton Lane Dividend Announcement

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

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.