Illinois Municipal Retirement Fund Invests $590,000 in Hamilton Lane Incorporated (NASDAQ:HLNE)

Illinois Municipal Retirement Fund purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,988 shares of the company’s stock, valued at approximately $590,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HLNE. State Street Corp grew 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 acquiring an additional 489,557 shares during the period. Wellington Management Group LLP lifted its holdings in 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 purchasing an additional 413,015 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in Hamilton Lane during the 4th quarter worth about $30,350,000. Barclays PLC lifted its holdings in 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 purchasing an additional 112,866 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. One 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $173.14.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $152.59 on Tuesday. The business’s 50-day moving average price is $153.95 and its two-hundred day moving average price is $165.20. Hamilton Lane Incorporated has a twelve month low of $103.42 and a twelve month high of $203.72. The stock has a market cap of $8.46 billion, a P/E ratio of 28.15 and a beta of 1.25. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

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 the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million for 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 company’s revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 EPS. As a group, equities analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.28%. Hamilton Lane’s dividend payout ratio is 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.