R Squared Ltd Buys Shares of 1,440 Hamilton Lane Incorporated (NASDAQ:HLNE)

R Squared Ltd purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,440 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lifestyle Asset Management Inc. grew its holdings in Hamilton Lane by 5.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock worth $224,000 after acquiring an additional 84 shares during the period. Orion Portfolio Solutions LLC boosted its position in shares of Hamilton Lane by 0.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock worth $2,509,000 after purchasing an additional 93 shares during the last quarter. CWM LLC grew its stake in shares of Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the period. Islay Capital Management LLC increased its holdings in Hamilton Lane by 2.2% in the third quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock valued at $801,000 after purchasing an additional 103 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Hamilton Lane by 6.3% in the third quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company’s stock valued at $303,000 after buying an additional 106 shares during the period. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Price Performance

HLNE stock opened at $159.60 on Wednesday. The stock has a 50-day moving average price of $164.47 and a two-hundred day moving average price of $162.09. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72. The stock has a market cap of $8.85 billion, a PE ratio of 34.62 and a beta of 1.24. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Equities analysts forecast that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Wall Street Analyst Weigh In

HLNE has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. 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 research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods reduced their target price on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. One equities research 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. Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $170.86.

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.