OLD National Bancorp IN Invests $222,000 in Hamilton Lane Incorporated (NASDAQ:HLNE)

OLD National Bancorp IN bought a new position in Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,498 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its position in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares in the last quarter. CWM LLC increased its position in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after purchasing an additional 156 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane during the third quarter worth about $111,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Hamilton Lane in the third quarter valued at approximately $127,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLNE. JPMorgan Chase & Co. increased their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. UBS Group boosted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer raised 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $170.86.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $159.18 on Monday. The firm has a market capitalization of $8.82 billion, a P/E ratio of 34.53 and a beta of 1.24. The business has a 50-day moving average of $162.12 and a 200-day moving average of $162.48. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts anticipate that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.23%. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

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.