Seven Eight Capital LP Purchases New Shares in Hamilton Lane Incorporated (NASDAQ:HLNE)

Seven Eight Capital LP acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) 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) 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.