Cynosure Group LLC Acquires Shares of 2,850 Hamilton Lane Incorporated (NASDAQ:HLNE)

Cynosure Group LLC purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,850 shares of the company’s stock, valued at approximately $321,000.

Other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of Hamilton Lane during the 4th quarter worth about $26,000. USA Financial Formulas bought a new position in Hamilton Lane during the 4th quarter valued at $28,000. GAMMA Investing LLC bought a new position in shares of Hamilton Lane during the fourth quarter worth about $48,000. SRS Capital Advisors Inc. increased its holdings in shares of Hamilton Lane by 345.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after acquiring an additional 394 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in Hamilton Lane in the 1st quarter valued at about $89,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, May 24th. UBS Group boosted their price target on Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. increased their price target on Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.29.

Hamilton Lane Price Performance

HLNE traded down $0.13 during trading on Tuesday, reaching $142.96. The stock had a trading volume of 49,819 shares, compared to its average volume of 264,566. The stock has a 50 day moving average of $124.43 and a two-hundred day moving average of $117.20. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 38.78 and a beta of 1.17. Hamilton Lane Incorporated has a 1-year low of $78.66 and a 1-year high of $145.00.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.38. The company had revenue of $176.67 million during the quarter, compared to analyst estimates of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. As a group, equities analysts anticipate that Hamilton Lane Incorporated will post 4.52 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.37%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, June 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

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.