Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 345.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508 shares of the company’s stock after buying an additional 394 shares during the period. SRS Capital Advisors Inc.’s holdings in Hamilton Lane were worth $58,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Hamilton Lane during the fourth quarter worth about $48,000. International Assets Investment Management LLC bought a new position in Hamilton Lane in the 4th quarter worth about $142,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Hamilton Lane by 11.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock valued at $146,000 after purchasing an additional 168 shares during the period. CI Investments Inc. bought a new stake in shares of Hamilton Lane during the third quarter valued at approximately $155,000. Finally, Conservest Capital Advisors Inc. bought a new stake in shares of Hamilton Lane during the fourth quarter valued at approximately $244,000. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on HLNE shares. Wells Fargo & Company lifted their target price on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Oppenheimer downgraded shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th. UBS Group boosted their price target on shares of Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. cut shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price objective for the company. in a report on Thursday, April 11th. Finally, Morgan Stanley upped their target price on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Hold” and an average price target of $109.67.

Hamilton Lane Stock Up 0.3 %

HLNE stock opened at $115.67 on Friday. The firm has a market cap of $6.25 billion, a PE ratio of 35.59 and a beta of 1.16. Hamilton Lane Incorporated has a 12 month low of $62.86 and a 12 month high of $121.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. The firm has a 50 day simple moving average of $111.34 and a 200 day simple moving average of $106.83.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.17). The company had revenue of $125.26 million for the quarter, compared to the consensus estimate of $130.47 million. Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Equities research analysts forecast that Hamilton Lane Incorporated will post 3.53 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 annualized dividend and a yield of 1.54%. Hamilton Lane’s payout ratio is presently 54.77%.

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $108.00, for a total value of $5,940,000.00. Following the transaction, the insider now directly owns 480,015 shares of the company’s stock, valued at $51,841,620. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 26.82% of the company’s stock.

Hamilton Lane Company 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.