EFG Asset Management North America Corp. Acquires 294 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

EFG Asset Management North America Corp. grew its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,814 shares of the company’s stock after acquiring an additional 294 shares during the period. EFG Asset Management North America Corp.’s holdings in Hamilton Lane were worth $2,787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HLNE. Vanguard Group Inc. increased its holdings in Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock worth $577,681,000 after buying an additional 863,326 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after purchasing an additional 413,015 shares during the last quarter. State Street Corp raised its holdings in shares of Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after purchasing an additional 489,557 shares during the period. Geode Capital Management LLC lifted its stake in Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. 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. Oppenheimer raised 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. The Goldman Sachs Group lowered 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 report on Monday, January 6th. 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 report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Stock Up 1.1 %

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

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data 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. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue was up 34.3% on a year-over-year basis. On average, equities analysts expect 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 given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio is currently 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.