Arizona State Retirement System Grows Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Arizona State Retirement System grew its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,709 shares of the company’s stock after purchasing an additional 370 shares during the period. Arizona State Retirement System’s holdings in Hamilton Lane were worth $1,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in shares of Hamilton Lane by 44.6% during the 2nd quarter. FMR LLC now owns 600 shares of the company’s stock worth $40,000 after buying an additional 185 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Hamilton Lane by 321.4% during the first quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock valued at $48,000 after purchasing an additional 466 shares in the last quarter. State of Wyoming boosted its position in Hamilton Lane by 21.0% during the fourth quarter. State of Wyoming now owns 1,171 shares of the company’s stock valued at $75,000 after purchasing an additional 203 shares in the last quarter. Ensign Peak Advisors Inc bought a new stake in Hamilton Lane during the third quarter valued at about $104,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in Hamilton Lane by 11.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock valued at $146,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Down 0.3 %

Shares of NASDAQ:HLNE opened at $110.19 on Tuesday. Hamilton Lane Incorporated has a 52-week low of $62.86 and a 52-week high of $121.90. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 33.90 and a beta of 1.18. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $112.40 and a 200-day moving average price of $104.53.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.17). The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $130.47 million. Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Equities analysts predict that Hamilton Lane Incorporated will post 3.55 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, March 14th. Hamilton Lane’s dividend payout ratio is currently 54.77%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the completion of the sale, the insider now directly owns 480,015 shares in the company, valued at $51,841,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.