US Bancorp DE Acquires 218 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

US Bancorp DE raised its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 71.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523 shares of the company’s stock after buying an additional 218 shares during the quarter. US Bancorp DE’s holdings in Hamilton Lane were worth $39,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Harbor Investment Advisory LLC raised its stake in shares of Hamilton Lane by 6.2% in the first quarter. Harbor Investment Advisory LLC now owns 2,347 shares of the company’s stock valued at $174,000 after buying an additional 136 shares during the period. FMR LLC raised its stake 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 period. State of Wyoming raised its stake in shares of Hamilton Lane by 21.0% in the fourth quarter. State of Wyoming now owns 1,171 shares of the company’s stock valued at $75,000 after buying an additional 203 shares during the period. Raymond James Trust N.A. raised its stake in shares of Hamilton Lane by 4.7% in the first quarter. Raymond James Trust N.A. now owns 4,728 shares of the company’s stock valued at $350,000 after buying an additional 211 shares during the period. Finally, Amalgamated Bank raised its stake in shares of Hamilton Lane by 3.8% in the fourth quarter. Amalgamated Bank now owns 5,896 shares of the company’s stock valued at $377,000 after buying an additional 215 shares during the period. 67.13% of the stock is currently owned by institutional investors.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $93.16 on Friday. Hamilton Lane Incorporated has a 52 week low of $55.81 and a 52 week high of $94.33. The business has a 50-day simple moving average of $87.09 and a 200 day simple moving average of $77.45. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 32.01 and a beta of 1.12.

Hamilton Lane (NASDAQ:HLNE) last posted its 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. Hamilton Lane had a return on equity of 33.99% and a net margin of 22.93%. The business had revenue of $125.04 million during the quarter, compared to analysts’ expectations of $115.79 million. On average, research analysts forecast that Hamilton Lane Incorporated will post 3.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.91%. The ex-dividend date is Thursday, September 14th. Hamilton Lane’s dividend payout ratio (DPR) is currently 61.17%.

Insiders Place Their Bets

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

Analyst Ratings Changes

HLNE has been the topic of several research reports. The Goldman Sachs Group boosted their target price on Hamilton Lane from $78.00 to $89.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. UBS Group lifted their price target on Hamilton Lane from $75.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, July 19th. Wells Fargo & Company lifted their price target on Hamilton Lane from $77.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 2nd. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $96.00 to $102.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Finally, Oppenheimer lifted their price target on Hamilton Lane from $93.00 to $97.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average target price of $92.00.

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.