Blueshift Asset Management LLC Acquires Shares of 1,739 Hamilton Lane Incorporated (NASDAQ:HLNE)

Blueshift Asset Management LLC bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,739 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors have also modified their holdings of HLNE. Victory Capital Management Inc. raised its holdings in Hamilton Lane by 15.7% in the third quarter. Victory Capital Management Inc. now owns 10,667 shares of the company’s stock valued at $1,796,000 after acquiring an additional 1,451 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Hamilton Lane in the 3rd quarter worth about $217,000. Mutual of America Capital Management LLC acquired a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $3,688,000. Pathstone Holdings LLC lifted its position in shares of Hamilton Lane by 0.4% during the third quarter. Pathstone Holdings LLC now owns 24,227 shares of the company’s stock worth $4,080,000 after purchasing an additional 108 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Hamilton Lane in the third quarter worth about $1,683,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $150.64 on Friday. Hamilton Lane Incorporated has a 1-year low of $107.22 and a 1-year high of $203.72. The firm has a market capitalization of $8.35 billion, a PE ratio of 27.79 and a beta of 1.28. 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 business’s fifty day moving average price is $153.10 and its two-hundred day moving average price is $164.70.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million for 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 company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. On average, research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given 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 1.30%. Hamilton Lane’s dividend payout ratio is presently 36.16%.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of research analyst reports. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a report on Thursday. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.71.

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.