Walleye Capital LLC Acquires New Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Walleye Capital LLC purchased a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,315 shares of the company’s stock, valued at approximately $787,000.

Other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC raised its holdings in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after acquiring an additional 61 shares during the period. Farther Finance Advisors LLC boosted 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 acquired a new stake in Hamilton Lane in the 4th quarter valued at approximately $213,000. Aigen Investment Management LP bought a new position in Hamilton Lane in the 4th quarter worth approximately $221,000. Finally, OLD National Bancorp IN acquired a new position in shares of Hamilton Lane during the fourth quarter worth approximately $222,000. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on HLNE shares. Oppenheimer upgraded 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 research note on Tuesday, January 21st. Morgan Stanley lowered their price target on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research note on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. 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. According to data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $165.29.

Hamilton Lane Trading Down 4.6 %

Shares of HLNE stock opened at $131.40 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. The company has a market capitalization of $7.28 billion, a P/E ratio of 24.24 and a beta of 1.32. Hamilton Lane Incorporated has a 12-month low of $109.84 and a 12-month high of $203.72. The firm has a 50-day moving average price of $146.55 and a 200 day moving average price of $162.09.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business’s revenue was up 34.3% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. Research analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share 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 was Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.49%. Hamilton Lane’s dividend payout ratio (DPR) is currently 36.16%.

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.