New York State Common Retirement Fund Acquires 4,413 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

New York State Common Retirement Fund boosted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,568 shares of the company’s stock after acquiring an additional 4,413 shares during the quarter. New York State Common Retirement Fund owned about 0.25% of Hamilton Lane worth $20,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWM LLC increased its position in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in Hamilton Lane during the third quarter worth $111,000. Harvest Fund Management Co. Ltd bought a new position in Hamilton Lane during the third quarter valued at $127,000. KBC Group NV raised its stake in shares of Hamilton Lane by 18.0% in the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after acquiring an additional 174 shares during the period. Finally, Associated Banc Corp bought a new stake in shares of Hamilton Lane in the 3rd quarter worth about $212,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley upped their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Wells Fargo & Company raised their price target on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their target price 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and a consensus price target of $173.14.

Hamilton Lane Trading Down 3.7 %

HLNE opened at $151.46 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $154.28 and its two-hundred day moving average is $164.41. The company has a market capitalization of $8.40 billion, a P/E ratio of 27.94 and a beta of 1.25. Hamilton Lane Incorporated has a 52 week low of $103.42 and a 52 week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Hamilton Lane’s revenue was up 34.3% on a year-over-year basis. Analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s payout ratio is currently 36.16%.

Hamilton Lane 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.