Shelton Capital Management Acquires Shares of 1,529 Hamilton Lane Incorporated (NASDAQ:HLNE)

Shelton Capital Management bought a new position in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,529 shares of the company’s stock, valued at approximately $226,000.

A number of other large investors have also made changes to their positions in HLNE. FMR LLC grew its holdings in shares of Hamilton Lane by 239.9% during the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after buying an additional 3,922 shares in the last quarter. HighTower Advisors LLC purchased a new position in Hamilton Lane during the 3rd quarter valued at about $291,000. Integrated Wealth Concepts LLC increased its holdings in shares of Hamilton Lane by 6.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company’s stock valued at $303,000 after purchasing an additional 106 shares during the period. Stifel Financial Corp increased its holdings in shares of Hamilton Lane by 7.6% in the 3rd quarter. Stifel Financial Corp now owns 40,527 shares of the company’s stock valued at $6,824,000 after purchasing an additional 2,867 shares during the period. Finally, Wolverine Trading LLC lifted its position in shares of Hamilton Lane by 265.4% in the third quarter. Wolverine Trading LLC now owns 3,308 shares of the company’s stock worth $551,000 after purchasing an additional 5,308 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Down 0.6 %

Shares of NASDAQ:HLNE opened at $137.21 on Friday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.61 billion, a PE ratio of 25.32 and a beta of 1.32. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The firm has a fifty day moving average price of $149.69 and a 200 day moving average price of $163.46.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results 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 company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm’s revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS. Analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.43%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. 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. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. Finally, Wells Fargo & Company dropped their target price on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.00.

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.