Cynosure Group LLC purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE – Free Report) 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 – Get Free Report) 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.
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