New York State Common Retirement Fund Has $1.98 Million Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

New York State Common Retirement Fund boosted its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,459 shares of the company’s stock after buying an additional 221 shares during the quarter. New York State Common Retirement Fund’s holdings in Hamilton Lane were worth $1,981,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HLNE. Vanguard Group Inc. boosted its holdings in Hamilton Lane by 0.9% during the third quarter. Vanguard Group Inc. now owns 3,185,272 shares of the company’s stock valued at $288,076,000 after acquiring an additional 29,711 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Hamilton Lane by 0.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 949,865 shares of the company’s stock worth $85,906,000 after purchasing an additional 6,920 shares during the last quarter. Northern Trust Corp boosted its stake in Hamilton Lane by 1.6% during the 3rd quarter. Northern Trust Corp now owns 495,230 shares of the company’s stock valued at $44,789,000 after purchasing an additional 7,686 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Hamilton Lane by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,714 shares of the company’s stock valued at $25,569,000 after buying an additional 10,698 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Hamilton Lane by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 233,285 shares of the company’s stock worth $21,098,000 after buying an additional 2,990 shares during the period. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Hamilton Lane Trading Down 0.9 %

Shares of HLNE stock opened at $116.50 on Thursday. The firm has a fifty day moving average of $111.41 and a 200-day moving average of $107.58. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 35.85 and a beta of 1.16. Hamilton Lane Incorporated has a 52-week low of $62.86 and a 52-week high of $121.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results 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 business had revenue of $125.26 million during the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS. On average, equities research analysts forecast that Hamilton Lane Incorporated will post 3.53 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued 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 dividend yield of 1.53%. Hamilton Lane’s payout ratio is presently 54.77%.

Insider Buying and Selling at Hamilton Lane

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