Oregon Public Employees Retirement Fund Purchases 241 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Oregon Public Employees Retirement Fund grew its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,541 shares of the company’s stock after purchasing an additional 241 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Hamilton Lane were worth $1,264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC lifted 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 acquiring an additional 3,922 shares during the last quarter. Retirement Systems of Alabama bought a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $8,291,000. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $819,000. Royce & Associates LP bought a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $538,000. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Hamilton Lane by 41.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after acquiring an additional 6,178 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Up 3.1 %

HLNE stock opened at $156.32 on Friday. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The business’s 50 day moving average price is $153.95 and its two-hundred day moving average price is $165.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 28.84 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. As a group, analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date 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 (DPR) is 36.16%.

Analysts Set New Price Targets

HLNE has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company boosted their price target on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $173.14.

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.