Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,780 shares of the company’s stock after purchasing an additional 202 shares during the quarter. Yousif Capital Management LLC’s holdings in Hamilton Lane were worth $2,197,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after buying an additional 126 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Hamilton Lane in the first quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC grew its stake in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after buying an additional 61 shares during the period. Farther Finance Advisors LLC grew its stake in Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Hamilton Lane in the fourth quarter valued at $65,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Down 5.1%

HLNE opened at $138.95 on Monday. Hamilton Lane Incorporated has a fifty-two week low of $114.85 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The firm’s fifty day moving average price is $153.55 and its two-hundred day moving average price is $154.59. The company has a market capitalization of $7.44 billion, a P/E ratio of 25.64 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $197.97 million during the quarter, compared to analysts’ expectations of $165.49 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 earnings per share. On average, analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.55%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, June 20th. Hamilton Lane’s dividend payout ratio is presently 40.07%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Hamilton Lane from $166.00 to $161.00 and set an “equal weight” rating on the stock in a report on Friday, May 30th. Wall Street Zen lowered shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. JPMorgan Chase & Co. decreased their target price on shares of Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Keefe, Bruyette & Woods reduced their price target on shares of Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating for the company in a research report on Monday, June 2nd. Finally, Morgan Stanley cut their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and a consensus target price of $164.29.

Hamilton Lane Company 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.