FourThought Financial LLC Boosts Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

FourThought Financial LLC boosted its position in Hamilton Lane Incorporated (NASDAQ:HLNE – Get Rating) by 4,885.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,683 shares of the company’s stock after purchasing an additional 5,569 shares during the period. FourThought Financial LLC’s holdings in Hamilton Lane were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of HLNE. Bank of New York Mellon Corp lifted its stake in Hamilton Lane by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 187,549 shares of the company’s stock valued at $14,494,000 after purchasing an additional 3,340 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Hamilton Lane by 13.8% during the first quarter. American Century Companies Inc. now owns 5,518 shares of the company’s stock worth $426,000 after acquiring an additional 670 shares in the last quarter. US Bancorp DE lifted its position in shares of Hamilton Lane by 373.9% during the first quarter. US Bancorp DE now owns 3,109 shares of the company’s stock worth $241,000 after acquiring an additional 2,453 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Hamilton Lane by 321.4% during the first quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock worth $48,000 after acquiring an additional 466 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in shares of Hamilton Lane during the first quarter worth $805,000. Hedge funds and other institutional investors own 63.52% of the company’s stock.

Hamilton Lane Stock Up 3.1 %

Shares of NASDAQ:HLNE opened at $68.81 on Friday. The stock’s 50-day moving average price is $75.08 and its 200-day moving average price is $69.76. Hamilton Lane Incorporated has a 12-month low of $55.81 and a 12-month high of $81.23. The stock has a market capitalization of $3.70 billion, a P/E ratio of 25.87 and a beta of 1.07. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.38.

Hamilton Lane (NASDAQ:HLNE – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.39). Hamilton Lane had a net margin of 20.14% and a return on equity of 37.41%. The company had revenue of $127.07 million for the quarter, compared to the consensus estimate of $120.66 million. During the same period last year, the business posted $1.27 earnings per share. The firm’s quarterly revenue was up 38.6% compared to the same quarter last year. On average, equities analysts anticipate that Hamilton Lane Incorporated will post 3.58 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.33%. Hamilton Lane’s dividend payout ratio (DPR) is currently 62.02%.

Analyst Ratings Changes

Several research analysts have recently weighed in on HLNE shares. JPMorgan Chase & Co. raised shares of Hamilton Lane from a “neutral” rating to an “overweight” rating and set a $85.00 price target on the stock in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 8th. The Goldman Sachs Group increased their target price on Hamilton Lane from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 9th. Finally, Morgan Stanley increased their target price on Hamilton Lane from $72.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday, February 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.20.

Insider Activity

In other news, major shareholder Oakville Number 2 Trust sold 100,000 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $76.41, for a total transaction of $7,641,000.00. Following the completion of the sale, the insider now directly owns 535,015 shares in the company, valued at $40,880,496.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 27.30% of the company’s stock.

About Hamilton Lane

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Hamilton Lane, Inc is a holding company, which engages in the provision of private markets investment solutions. The firm works with clients to conceive, structure, build out, manage, and monitor portfolios of private markets funds and direct investments. It also offers the following solutions: customized separate accounts, specialized funds, advisory services, distribution management, and reporting, monitoring, data, and analytics.