Wells Fargo & Company MN Boosts Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Wells Fargo & Company MN lifted its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 97,903 shares of the company’s stock after acquiring an additional 606 shares during the quarter. Wells Fargo & Company MN’s holdings in Hamilton Lane were worth $14,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CBIZ Investment Advisory Services LLC boosted its stake in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after buying an additional 61 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after acquiring an additional 221 shares during the last quarter. R Squared Ltd purchased a new position in shares of Hamilton Lane during the 4th quarter worth approximately $213,000. Aigen Investment Management LP acquired a new stake in Hamilton Lane in the 4th quarter valued at approximately $221,000. Finally, OLD National Bancorp IN purchased a new stake in Hamilton Lane in the fourth quarter valued at approximately $222,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Up 2.7 %

Shares of Hamilton Lane stock opened at $140.87 on Tuesday. 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 company has a market capitalization of $7.81 billion, a P/E ratio of 25.99 and a beta of 1.32. The company has a 50 day moving average of $149.10 and a 200 day moving average of $163.25.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data 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. The business had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. As a group, research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.39%. Hamilton Lane’s payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HLNE shares. Wells Fargo & Company lowered their price target on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. 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 research report on Monday, January 6th. 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 report on Tuesday, January 21st. 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. Finally, Morgan Stanley reduced their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $165.29.

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.