Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 290 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,225 shares of the company’s stock after purchasing an additional 290 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hamilton Lane were worth $1,366,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after acquiring an additional 413,015 shares during the period. State Street Corp increased its stake in 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 in the last quarter. Geode Capital Management LLC raised its holdings in Hamilton Lane by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after purchasing an additional 25,657 shares during the period. Principal Financial Group Inc. boosted its position in shares of Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hamilton Lane by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 357,957 shares of the company’s stock valued at $52,996,000 after buying an additional 9,551 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

HLNE has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $170.71.

Hamilton Lane Stock Up 1.1 %

Shares of Hamilton Lane stock opened at $157.61 on Wednesday. The firm has a market cap of $8.74 billion, a PE ratio of 29.08 and a beta of 1.28. The business’s 50 day simple moving average is $153.79 and its 200 day simple moving average is $165.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 52-week low of $107.40 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share 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 analysts’ expectations of $158.86 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 34.3% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. On average, analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.24%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

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.