Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 127,723 shares of the company’s stock after acquiring an additional 5,005 shares during the quarter. Rhumbline Advisers’ holdings in Hamilton Lane were worth $18,989,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 863,326 shares during the period. Invesco Ltd. increased its stake in shares of Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company’s stock worth $284,738,000 after acquiring an additional 388,019 shares during the period. Price T Rowe Associates Inc. MD increased its position in Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company’s stock worth $191,321,000 after purchasing an additional 900,283 shares during the period. Geode Capital Management LLC increased its position in Hamilton Lane by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company’s stock worth $170,280,000 after purchasing an additional 44,865 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in Hamilton Lane by 10.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company’s stock worth $115,533,000 after purchasing an additional 70,976 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on HLNE shares. Oppenheimer lowered Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Morgan Stanley lowered their target price on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods decreased their price objective on Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating on the stock in a report on Monday, June 2nd. Finally, Wells Fargo & Company reduced their target price on Hamilton Lane from $166.00 to $161.00 and set an “equal weight” rating on the stock in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $164.29.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $150.82 on Friday. The stock’s 50 day moving average price is $152.68 and its 200 day moving average price is $156.88. The firm has a market capitalization of $8.36 billion, a PE ratio of 27.83 and a beta of 1.25. 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 Incorporated has a one year low of $114.85 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $197.97 million for the quarter, compared to analyst estimates of $165.49 million. During the same quarter in the previous year, the business posted $1.38 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be issued a $0.54 dividend. The ex-dividend date is Friday, June 20th. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.43%. Hamilton Lane’s dividend payout ratio is currently 40.07%.

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.