Alberta Investment Management Corp Purchases 3,294 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Alberta Investment Management Corp lifted its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,855 shares of the company’s stock after acquiring an additional 3,294 shares during the period. Alberta Investment Management Corp owned approximately 0.05% of Hamilton Lane worth $4,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLNE. FMR LLC grew its stake in shares of Hamilton Lane by 239.9% in the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after buying an additional 3,922 shares during the period. Retirement Systems of Alabama acquired a new stake in Hamilton Lane in the third quarter valued at approximately $8,291,000. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane in the third quarter valued at approximately $819,000. Royce & Associates LP bought a new stake in shares of Hamilton Lane during the third quarter valued at approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Hamilton Lane by 41.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock worth $3,522,000 after purchasing an additional 6,178 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLNE has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company lifted their price target on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. Morgan Stanley raised their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $173.14.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $157.26 on Friday. The company has a market capitalization of $8.72 billion, a P/E ratio of 29.01 and a beta of 1.25. The company’s 50-day moving average is $154.64 and its 200 day moving average is $164.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the business posted $0.71 EPS. Hamilton Lane’s quarterly revenue was up 34.3% compared to the same quarter last year. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.25%. Hamilton Lane’s dividend payout ratio is presently 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.