Headlands Technologies LLC Makes New Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Headlands Technologies LLC bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,178 shares of the company’s stock, valued at approximately $767,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC boosted its stake in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after purchasing an additional 61 shares during the period. State of Alaska Department of Revenue boosted its position 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 worth $705,000 after buying an additional 65 shares during the period. Arizona State Retirement System grew its holdings in Hamilton Lane by 0.7% in the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock worth $1,653,000 after buying an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. increased its position in Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after acquiring an additional 84 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in Hamilton Lane by 0.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HLNE shares. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company lowered their target price on shares of 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. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Stock Up 2.3 %

HLNE stock opened at $155.48 on Thursday. The firm has a market cap of $8.62 billion, a PE ratio of 28.69 and a beta of 1.28. Hamilton Lane Incorporated has a 12 month low of $108.34 and a 12 month high of $203.72. 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 firm has a 50 day simple moving average of $153.71 and a 200 day simple moving average of $165.00.

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 the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. Equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio is presently 36.16%.

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.