Islay Capital Management LLC Grows Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Islay Capital Management LLC lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,112 shares of the company’s stock after purchasing an additional 355 shares during the period. Islay Capital Management LLC’s holdings in Hamilton Lane were worth $757,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after purchasing an additional 863,326 shares during the last quarter. State Street Corp raised its position in shares of Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after purchasing an additional 489,557 shares during the period. Norges Bank purchased a new stake in shares of Hamilton Lane during the 4th quarter valued at approximately $68,909,000. Wellington Management Group LLP boosted its holdings in Hamilton Lane by 31.1% in 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. Finally, Artemis Investment Management LLP purchased a new position in Hamilton Lane in the 4th quarter valued at approximately $30,350,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. The Goldman Sachs Group downgraded 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. Wells Fargo & Company decreased their price target on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods increased their price target 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Trading Down 3.7 %

Shares of Hamilton Lane stock opened at $135.66 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The firm has a market cap of $7.52 billion, a PE ratio of 25.03 and a beta of 1.28. The company has a 50 day simple moving average of $152.82 and a two-hundred day simple moving average of $164.71.

Hamilton Lane (NASDAQ:HLNE) last announced its 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 analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. Analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given 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 1.44%. Hamilton Lane’s dividend payout ratio (DPR) is presently 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.