Seven Eight Capital LP acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,594 shares of the company’s stock, valued at approximately $292,000.
A number of other institutional investors have also recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of Hamilton Lane during the 4th quarter valued at about $26,000. USA Financial Formulas bought a new position in shares of Hamilton Lane in the 4th quarter valued at approximately $28,000. Covestor Ltd raised its stake in shares of Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 298 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Hamilton Lane in the 4th quarter valued at approximately $48,000. Finally, SRS Capital Advisors Inc. raised its stake 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 valued at $58,000 after acquiring an additional 394 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have commented on HLNE shares. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, May 24th. Finally, UBS Group boosted their price target on Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 24th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.29.
Hamilton Lane Stock Down 1.9 %
Shares of HLNE stock opened at $139.19 on Thursday. The firm has a fifty day moving average of $125.38 and a 200-day moving average of $117.59. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29. Hamilton Lane Incorporated has a 12-month low of $78.66 and a 12-month high of $145.00. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 37.72 and a beta of 1.17.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last announced its earnings results on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.00 by $0.38. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The business had revenue of $176.67 million during the quarter, compared to analysts’ expectations of $134.72 million. As a group, equities research analysts predict that Hamilton Lane Incorporated will post 4.52 earnings per share 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 is a boost from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, June 14th. This represents a $1.96 annualized dividend and a yield of 1.41%. Hamilton Lane’s dividend payout ratio is presently 53.12%.
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.
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