Kingsview Wealth Management LLC Invests $2.42 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

Kingsview Wealth Management LLC bought a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 16,350 shares of the company’s stock, valued at approximately $2,421,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its position in shares of Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after acquiring an additional 3,922 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in Hamilton Lane in the 3rd quarter valued at $8,291,000. Icon Wealth Advisors LLC purchased a new position in Hamilton Lane in the third quarter valued at about $819,000. Royce & Associates LP acquired a new position in shares of Hamilton Lane during the third quarter worth about $538,000. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Hamilton Lane by 41.9% in 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 buying an additional 6,178 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $167.19 on Monday. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 30.85 and a beta of 1.25. Hamilton Lane Incorporated has a one year low of $103.42 and a one year high of $203.72. The company’s 50-day simple moving average is $159.05 and its 200-day simple moving average is $163.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.37 and a current ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 4th. The company reported $1.25 EPS 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 company had revenue of $168.26 million for the quarter, compared to the consensus estimate 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. Equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.17%. Hamilton Lane’s payout ratio is 36.16%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted 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. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target 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. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, UBS Group lifted their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane has an average rating of “Hold” and an average target price of $173.14.

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.