International Assets Investment Management LLC Makes New $142,000 Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

International Assets Investment Management LLC acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,248 shares of the company’s stock, valued at approximately $142,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Hamilton Lane by 228.5% in the 3rd quarter. FMR LLC now owns 61,672 shares of the company’s stock valued at $5,578,000 after purchasing an additional 42,898 shares during the period. Barclays PLC lifted its stake in shares of Hamilton Lane by 28.3% in the 3rd quarter. Barclays PLC now owns 95,815 shares of the company’s stock valued at $8,665,000 after purchasing an additional 21,123 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $803,000. NBC Securities Inc. acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $827,000. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Hamilton Lane by 0.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 949,865 shares of the company’s stock valued at $85,906,000 after purchasing an additional 6,920 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HLNE. JPMorgan Chase & Co. downgraded Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price target on the stock. in a research note on Thursday, April 11th. Wells Fargo & Company raised their price objective on Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 11th. Morgan Stanley raised their price objective on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, UBS Group raised their price objective on Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $109.67.

Hamilton Lane Price Performance

HLNE stock opened at $114.22 on Tuesday. The stock has a 50-day moving average price of $111.80 and a two-hundred day moving average price of $106.01. The stock has a market cap of $6.17 billion, a PE ratio of 35.14 and a beta of 1.18. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.32. Hamilton Lane Incorporated has a 1 year low of $62.86 and a 1 year high of $121.90.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17). The firm had revenue of $125.26 million for the quarter, compared to the consensus estimate of $130.47 million. Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. Hamilton Lane’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. Equities analysts forecast that Hamilton Lane Incorporated will post 3.53 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 54.77%.

Insiders Place Their Bets

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the completion of the transaction, the insider now owns 480,015 shares in the company, valued at approximately $51,841,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 26.82% of the company’s stock.

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.