Orion Portfolio Solutions LLC Purchases 1,179 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Orion Portfolio Solutions LLC increased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,080 shares of the company’s stock after purchasing an additional 1,179 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Hamilton Lane were worth $2,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLNE. The Manufacturers Life Insurance Company lifted its holdings in Hamilton Lane by 102.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company’s stock valued at $7,934,000 after purchasing an additional 23,854 shares during the last quarter. FMR LLC lifted its stake in shares of Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after buying an additional 3,922 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Hamilton Lane by 8.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company’s stock worth $6,744,000 after buying an additional 3,223 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hamilton Lane by 4.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,680 shares of the company’s stock valued at $1,462,000 after buying an additional 340 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new position in Hamilton Lane in the 3rd quarter valued at about $1,212,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HLNE shares. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and an average target price of $170.71.

Hamilton Lane Stock Up 2.2 %

HLNE stock opened at $151.92 on Wednesday. The company has a market cap of $8.42 billion, a PE ratio of 28.03 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 52 week low of $108.34 and a 52 week high of $203.72. The business has a 50-day simple moving average of $153.80 and a 200 day simple moving average of $165.07.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly 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. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. Sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.29%. Hamilton Lane’s payout ratio is 36.16%.

About Hamilton Lane

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.