Rhumbline Advisers Acquires 5,005 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Rhumbline Advisers raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,723 shares of the company’s stock after purchasing an additional 5,005 shares during the quarter. Rhumbline Advisers owned 0.23% of Hamilton Lane worth $18,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HLNE. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hamilton Lane by 229.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company’s stock valued at $191,321,000 after acquiring an additional 900,283 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Hamilton Lane by 28.4% in the 4th 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. Norges Bank bought a new stake in shares of Hamilton Lane in the 4th quarter valued at approximately $68,909,000. Invesco Ltd. lifted its stake in shares of Hamilton Lane by 25.3% in the 4th quarter. Invesco Ltd. now owns 1,923,253 shares of the company’s stock valued at $284,738,000 after purchasing an additional 388,019 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Hamilton Lane in the 4th quarter valued at approximately $24,081,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $150.82 on Friday. 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’s 50 day moving average price is $152.68 and its 200-day moving average price is $156.88. Hamilton Lane Incorporated has a one year low of $114.85 and a one year high of $203.72. The firm has a market cap of $8.36 billion, a P/E ratio of 27.83 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The business had revenue of $197.97 million for the quarter, compared to analysts’ expectations of $165.49 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. As a group, equities research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a $0.54 dividend. The ex-dividend date is Friday, June 20th. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a yield of 1.43%. Hamilton Lane’s dividend payout ratio (DPR) is currently 40.07%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price target on Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating for the company in a research note on Monday, June 2nd. JPMorgan Chase & Co. decreased their price target on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Morgan Stanley lowered their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Oppenheimer lowered shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company lowered their target price on shares of Hamilton Lane from $166.00 to $161.00 and set an “equal weight” rating for the company in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $164.29.

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.