Bryce Point Capital LLC Makes New Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Bryce Point Capital LLC purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,982 shares of the company’s stock, valued at approximately $441,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLNE. CBIZ Investment Advisory Services LLC boosted its holdings in Hamilton Lane by 27.0% in the fourth 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 in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Hamilton Lane by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after purchasing an additional 65 shares during the period. Arizona State Retirement System raised its holdings in 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 last quarter. Lifestyle Asset Management Inc. lifted its holdings in shares of Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after purchasing an additional 84 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake 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 last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on HLNE shares. Wells Fargo & Company cut their target price on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” 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 price objective for the company in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and an average price target of $170.71.

Hamilton Lane Stock Performance

Shares of HLNE opened at $135.66 on Friday. The company’s fifty day moving average price is $152.82 and its 200 day moving average price is $164.71. The company has a market capitalization of $7.52 billion, a PE ratio of 25.03 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 Incorporated has a one year low of $108.34 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its 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 the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane’s revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. As a group, analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.44%. Hamilton Lane’s 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.