Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 81.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,116 shares of the company’s stock after buying an additional 8,123 shares during the period. Intech Investment Management LLC’s holdings in Hamilton Lane were worth $2,682,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC grew 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 worth $43,000 after purchasing an additional 61 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hamilton Lane by 283.3% in the 4th 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 last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $111,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $127,000. Finally, KBC Group NV grew its stake in shares of Hamilton Lane by 18.0% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $192,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $150.57 on Thursday. 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 company has a market cap of $8.35 billion, a P/E ratio of 27.78 and a beta of 1.28. The firm’s 50 day simple moving average is $152.86 and its 200-day simple moving average is $164.82. Hamilton Lane Incorporated has a fifty-two week low of $105.65 and a fifty-two week high of $203.72.

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

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HLNE. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $173.14.

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.