New York State Common Retirement Fund Raises Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

New York State Common Retirement Fund lifted its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,459 shares of the company’s stock after purchasing an additional 221 shares during the period. New York State Common Retirement Fund’s holdings in Hamilton Lane were worth $1,981,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,185,272 shares of the company’s stock worth $288,076,000 after acquiring an additional 29,711 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Hamilton Lane by 0.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 949,865 shares of the company’s stock worth $85,906,000 after buying an additional 6,920 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Hamilton Lane by 1.6% in the 3rd quarter. Northern Trust Corp now owns 495,230 shares of the company’s stock valued at $44,789,000 after buying an additional 7,686 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Hamilton Lane by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,714 shares of the company’s stock valued at $25,569,000 after buying an additional 10,698 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Hamilton Lane by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 233,285 shares of the company’s stock worth $21,098,000 after acquiring an additional 2,990 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Down 0.9 %

NASDAQ HLNE opened at $116.50 on Thursday. Hamilton Lane Incorporated has a 52-week low of $62.86 and a 52-week high of $121.90. The firm has a 50-day moving average price of $111.41 and a 200 day moving average price of $107.58. The stock has a market capitalization of $6.29 billion, a P/E ratio of 35.85 and a beta of 1.16. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32.

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

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were paid a dividend of $0.445 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.53%. Hamilton Lane’s dividend payout ratio (DPR) is presently 54.77%.

Wall Street Analyst Weigh In

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

Insider Activity at Hamilton Lane

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the transaction, the insider now directly owns 480,015 shares in the company, valued at $51,841,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 26.82% of the company’s stock.

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.