Magnetar Financial LLC Takes Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Magnetar Financial LLC bought a new position in Hamilton Lane Incorporated (NASDAQ:HLNE) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,201 shares of the company’s stock, valued at approximately $925,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLNE. Van Hulzen Asset Management LLC grew its position in Hamilton Lane by 1.8% during the 4th quarter. Van Hulzen Asset Management LLC now owns 10,840 shares of the company’s stock worth $1,230,000 after purchasing an additional 189 shares during the period. Personal CFO Solutions LLC grew its position in Hamilton Lane by 4.9% during the 4th quarter. Personal CFO Solutions LLC now owns 4,220 shares of the company’s stock worth $479,000 after purchasing an additional 196 shares during the period. New York State Common Retirement Fund grew its position in Hamilton Lane by 1.3% during the 4th quarter. New York State Common Retirement Fund now owns 17,459 shares of the company’s stock worth $1,981,000 after purchasing an additional 221 shares during the period. Principal Securities Inc. acquired a new stake in Hamilton Lane during the 4th quarter worth about $26,000. Finally, USA Financial Formulas acquired a new stake in Hamilton Lane during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, May 24th. UBS Group raised their target price on Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane has a consensus rating of “Hold” and an average target price of $114.29.

Hamilton Lane Price Performance

HLNE traded up $2.26 during trading on Friday, reaching $144.11. The company’s stock had a trading volume of 295,252 shares, compared to its average volume of 347,982. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $126.44 and a two-hundred day simple moving average of $118.06. Hamilton Lane Incorporated has a 1 year low of $78.66 and a 1 year high of $146.28. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 39.05 and a beta of 1.17.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.00 by $0.38. The firm had revenue of $176.67 million for the quarter, compared to analyst estimates of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. As a group, analysts anticipate that Hamilton Lane Incorporated will post 4.52 EPS for the current year.

Hamilton Lane Increases Dividend

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

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.