Credit Suisse AG Boosts Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Credit Suisse AG increased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 100,430 shares of the company’s stock after purchasing an additional 4,146 shares during the period. Credit Suisse AG owned approximately 0.19% of Hamilton Lane worth $7,430,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HLNE. Belpointe Asset Management LLC acquired a new stake in Hamilton Lane during the 4th quarter worth $32,000. CWM LLC raised its position in Hamilton Lane by 163.8% during the fourth quarter. CWM LLC now owns 583 shares of the company’s stock worth $37,000 after acquiring an additional 362 shares during the last quarter. US Bancorp DE raised its position in Hamilton Lane by 71.5% during the first quarter. US Bancorp DE now owns 523 shares of the company’s stock worth $39,000 after acquiring an additional 218 shares during the last quarter. FMR LLC raised its position in shares of Hamilton Lane by 44.6% in the second quarter. FMR LLC now owns 600 shares of the company’s stock valued at $40,000 after buying an additional 185 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Hamilton Lane by 321.4% in the first quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock valued at $48,000 after buying an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 67.13% of the company’s stock.

Hamilton Lane Trading Up 1.6 %

HLNE opened at $91.34 on Tuesday. The stock has a market capitalization of $4.93 billion, a PE ratio of 31.39 and a beta of 1.12. The firm’s fifty day moving average price is $85.56 and its 200 day moving average price is $76.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.93 and a quick ratio of 2.93. Hamilton Lane Incorporated has a 12-month low of $55.81 and a 12-month high of $94.20.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.86 by $0.08. The business had revenue of $125.04 million during the quarter, compared to analyst estimates of $115.79 million. Hamilton Lane had a net margin of 22.93% and a return on equity of 33.99%. As a group, research analysts expect that Hamilton Lane Incorporated will post 3.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be given a dividend of $0.445 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.78 annualized dividend and a dividend yield of 1.95%. Hamilton Lane’s dividend payout ratio (DPR) is 61.17%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of recent analyst reports. Oppenheimer boosted their target price on shares of Hamilton Lane from $93.00 to $97.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $77.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. The Goldman Sachs Group boosted their price objective on shares of Hamilton Lane from $78.00 to $89.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $96.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. Finally, Morgan Stanley upped their target price on shares of Hamilton Lane from $84.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $92.00.

Insider Activity

In other Hamilton Lane news, insider Atul Varma sold 459 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $92.25, for a total value of $42,342.75. Following the completion of the transaction, the insider now directly owns 8,786 shares in the company, valued at $810,508.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 26.82% of the company’s stock.

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.