Wasatch Advisors LP Has $252.54 Million Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Wasatch Advisors LP lessened its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,705,793 shares of the company’s stock after selling 231,207 shares during the period. Hamilton Lane comprises 1.3% of Wasatch Advisors LP’s investment portfolio, making the stock its 24th largest holding. Wasatch Advisors LP owned about 3.08% of Hamilton Lane worth $252,543,000 as of its most recent filing with the Securities and Exchange Commission.

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

Hamilton Lane Price Performance

Shares of HLNE opened at $141.35 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The firm has a market cap of $7.84 billion, a PE ratio of 26.08 and a beta of 1.32. Hamilton Lane Incorporated has a twelve month low of $108.34 and a twelve month high of $203.72. The firm’s 50 day moving average price is $148.59 and its 200 day moving average price is $163.10.

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, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. Hamilton Lane’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. As a group, research 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. Stockholders of record on Friday, March 14th were paid 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 dividend yield of 1.39%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Morgan Stanley reduced their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company decreased their price target on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their target price 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average target price of $165.29.

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.