Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 94.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,013 shares of the company’s stock after acquiring an additional 2,429 shares during the period. Guggenheim Capital LLC’s holdings in Hamilton Lane were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in HLNE. Vanguard Group Inc. grew its position in Hamilton Lane by 28.4% during the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock worth $577,681,000 after purchasing an additional 863,326 shares during the last quarter. Norges Bank purchased a new position in shares of Hamilton Lane during the fourth quarter worth about $68,909,000. Invesco Ltd. increased its position in 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 acquiring an additional 388,019 shares during the period. Artemis Investment Management LLP purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $30,350,000. Finally, Raymond James Financial Inc. acquired a new stake in Hamilton Lane during the 4th quarter worth approximately $24,081,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Up 2.7 %

HLNE stock opened at $148.01 on Friday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $145.83 and its 200 day moving average price is $161.62. Hamilton Lane Incorporated has a 52 week low of $110.70 and a 52 week high of $203.72. The company has a market cap of $8.21 billion, a P/E ratio of 27.31 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results 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. The business had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company’s revenue was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. On average, research analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

HLNE has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Morgan Stanley cut their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company lowered their price objective on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $165.29.

Hamilton Lane 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.