Florida Financial Advisors LLC Has $404,000 Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Florida Financial Advisors LLC increased its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 44.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,731 shares of the company’s stock after acquiring an additional 844 shares during the quarter. Florida Financial Advisors LLC’s holdings in Hamilton Lane were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HLNE. 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 valued at $43,000 after buying an additional 61 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock valued at $705,000 after acquiring an additional 65 shares in the last quarter. Arizona State Retirement System raised its position in shares of Hamilton Lane by 0.7% during the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock worth $1,653,000 after purchasing an additional 80 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in shares of Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock worth $224,000 after purchasing an additional 84 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in Hamilton Lane by 0.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after purchasing an additional 93 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HLNE has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Keefe, Bruyette & Woods raised their price target 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. The Goldman Sachs Group lowered 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 note on Monday, January 6th. Finally, Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Stock Up 3.5 %

Shares of NASDAQ HLNE opened at $155.89 on Tuesday. The business’s fifty day moving average price is $153.46 and its 200-day moving average price is $164.98. Hamilton Lane Incorporated has a one year low of $107.22 and a one year high of $203.72. The stock has a market capitalization of $8.64 billion, a PE ratio of 28.76 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.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to the consensus estimate 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 was up 34.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. On average, equities research analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio is currently 36.16%.

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.