Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,831 shares of the company’s stock after acquiring an additional 414 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hamilton Lane were worth $888,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Copeland Capital Management LLC increased its position in shares of Hamilton Lane by 0.5% during the 3rd quarter. Copeland Capital Management LLC now owns 977,161 shares of the company’s stock valued at $88,374,000 after purchasing an additional 5,340 shares during the period. Argent Capital Management LLC acquired a new stake in shares of Hamilton Lane during the third quarter worth $263,000. Bank of New York Mellon Corp lifted its holdings in shares of Hamilton Lane by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 233,285 shares of the company’s stock valued at $21,098,000 after purchasing an additional 2,990 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Hamilton Lane in the 3rd quarter worth about $803,000. Finally, Strs Ohio lifted its stake in Hamilton Lane by 48.9% during the third quarter. Strs Ohio now owns 13,100 shares of the company’s stock valued at $1,184,000 after buying an additional 4,300 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 480,015 shares of the company’s stock, valued at approximately $51,841,620. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.82% of the stock is owned by insiders.

Hamilton Lane Stock Up 1.0 %

HLNE stock opened at $114.53 on Monday. The firm has a market cap of $6.19 billion, a PE ratio of 35.24 and a beta of 1.18. Hamilton Lane Incorporated has a 1 year low of $62.86 and a 1 year high of $121.90. The company has a fifty day simple moving average of $111.80 and a 200 day simple moving average of $106.01. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.32.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17). Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The company 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 firm earned $0.43 EPS. Hamilton Lane’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts anticipate that Hamilton Lane Incorporated will post 3.53 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, March 14th. Hamilton Lane’s payout ratio is 54.77%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLNE. UBS Group lifted their price objective on shares of Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Wells Fargo & Company lifted their target price on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Morgan Stanley raised their price target on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. 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 price target on the stock. in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $109.67.

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.