Quantbot Technologies LP Invests $2.56 Million in Hamilton Lane Incorporated (NASDAQ:HLNE)

Quantbot Technologies LP acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,306 shares of the company’s stock, valued at approximately $2,562,000.

Several other institutional investors also recently modified their holdings of HLNE. State Street Corp increased its stake in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after buying an additional 413,015 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Hamilton Lane during the 4th quarter worth about $30,350,000. Raymond James Financial Inc. bought a new stake in shares of Hamilton Lane during the 4th quarter worth about $24,081,000. Finally, Barclays PLC boosted its holdings in shares of Hamilton Lane by 84.5% during the 3rd quarter. Barclays PLC now owns 246,383 shares of the company’s stock worth $41,488,000 after buying an additional 112,866 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $150.64 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $8.35 billion, a P/E ratio of 27.79 and a beta of 1.28. Hamilton Lane Incorporated has a 12-month low of $107.22 and a 12-month high of $203.72. The firm has a 50-day moving average price of $153.10 and a two-hundred day moving average price of $164.81.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. Analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a report on Thursday. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded shares of 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.71.

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.