Artisan Partners Limited Partnership Raises Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Artisan Partners Limited Partnership lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 263,643 shares of the company’s stock after buying an additional 14,054 shares during the quarter. Artisan Partners Limited Partnership owned 0.48% of Hamilton Lane worth $39,032,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Florida Financial Advisors LLC lifted its holdings in Hamilton Lane by 44.7% in the 4th quarter. Florida Financial Advisors LLC now owns 2,731 shares of the company’s stock worth $404,000 after buying an additional 844 shares in the last quarter. EFG Asset Management North America Corp. increased its position in shares of Hamilton Lane by 1.6% during the fourth quarter. EFG Asset Management North America Corp. now owns 18,814 shares of the company’s stock worth $2,787,000 after acquiring an additional 294 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in shares of Hamilton Lane by 3.2% in the fourth quarter. Congress Wealth Management LLC DE now owns 3,986 shares of the company’s stock worth $590,000 after acquiring an additional 123 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Hamilton Lane by 28.4% in the fourth 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. Finally, Stevens Capital Management LP acquired a new stake in Hamilton Lane during the 4th quarter valued at approximately $232,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $147.08 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market capitalization of $8.15 billion, a PE ratio of 27.14 and a beta of 1.28. Hamilton Lane Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72. The business’s fifty day moving average price is $153.94 and its two-hundred day moving average price is $164.85.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. During the same quarter last year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. On average, research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

Analyst Upgrades and Downgrades

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

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.