Wealth Enhancement Advisory Services LLC Purchases 212 Shares of Hamilton Lane Inc. (NASDAQ:HLNE)

Wealth Enhancement Advisory Services LLC grew its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,414 shares of the company’s stock after purchasing an additional 212 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Hamilton Lane were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB boosted its stake in Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after purchasing an additional 126 shares during the period. Versant Capital Management Inc bought a new position in Hamilton Lane in the 1st quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC boosted its position in shares of 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 acquiring an additional 61 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of 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 acquiring an additional 221 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Hamilton Lane during the fourth quarter worth $65,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on HLNE. JPMorgan Chase & Co. dropped their price objective 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. Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Wells Fargo & Company reduced their price objective on Hamilton Lane from $166.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Friday, May 30th. Keefe, Bruyette & Woods reduced their price target on shares of Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating on the stock in a research report on Monday, June 2nd. Finally, Morgan Stanley reduced their price target 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 equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $164.29.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $146.91 on Friday. The company has a market cap of $7.87 billion, a P/E ratio of 27.26 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.83 and a current ratio of 4.83. The business’s 50 day moving average price is $154.06 and its 200-day moving average price is $151.01. Hamilton Lane Inc. has a fifty-two week low of $123.98 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The firm had revenue of $197.97 million for the quarter, compared to the consensus estimate of $165.49 million. During the same quarter in the previous year, the company posted $1.38 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be given a dividend of $0.54 per share. 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. This represents a $2.16 dividend on an annualized basis and a yield of 1.47%. Hamilton Lane’s payout ratio is 40.07%.

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.