Zurcher Kantonalbank Zurich Cantonalbank Acquires 414 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 5.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,831 shares of the company’s stock after buying 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.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in Hamilton Lane during the 4th quarter worth approximately $142,000. Nomura Asset Management Co. Ltd. boosted its stake 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 worth $146,000 after acquiring an additional 168 shares in the last quarter. CI Investments Inc. acquired a new position in shares of Hamilton Lane during the third quarter valued at about $155,000. Pathstone Family Office LLC bought a new position in shares of Hamilton Lane during the 3rd quarter worth about $202,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $228,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $114.53 on Monday. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 35.24 and a beta of 1.18. The stock has a fifty day simple moving average of $111.80 and a two-hundred 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 Incorporated has a 1-year low of $62.86 and a 1-year high of $121.90.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 earnings per share 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 was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. Analysts anticipate that Hamilton Lane Incorporated will post 3.53 earnings per share for the current year.

Hamilton Lane Announces Dividend

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

Insiders Place Their Bets

In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the sale, the insider now directly owns 480,015 shares in the company, valued at approximately $51,841,620. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 26.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HLNE. UBS Group raised their price objective on Hamilton Lane from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Oppenheimer lowered Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. downgraded shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 target price for the company. in a report on Thursday, April 11th. Wells Fargo & Company upped their price objective on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley boosted their target price on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane has an average rating of “Hold” and an average price target 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.