Hamilton Lane Inc. (NASDAQ:HLNE) Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,694 shares of the company’s stock after buying an additional 3,468 shares during the quarter. Bank of New York Mellon Corp owned 0.65% of Hamilton Lane worth $53,476,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock valued at $26,000 after buying an additional 126 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Hamilton Lane during the first quarter valued at $30,000. CBIZ Investment Advisory Services LLC lifted its holdings 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 valued at $43,000 after purchasing an additional 61 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings 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 valued at $44,000 after purchasing an additional 221 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Hamilton Lane during the fourth quarter valued at $65,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $151.38 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 4.83. Hamilton Lane Inc. has a fifty-two week low of $123.98 and a fifty-two week high of $203.72. The stock’s 50-day moving average is $153.48 and its two-hundred day moving average is $150.97. The firm has a market cap of $8.11 billion, a P/E ratio of 28.09 and a beta of 1.22.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping 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 company had revenue of $197.97 million for the quarter, compared to analyst estimates of $165.49 million. During the same period in the prior year, the firm posted $1.38 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Friday, June 20th were given a $0.54 dividend. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, June 20th. Hamilton Lane’s dividend payout ratio is presently 40.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HLNE shares. Wall Street Zen downgraded Hamilton Lane from a “hold” rating to a “sell” rating in a report on Friday, June 6th. JPMorgan Chase & Co. reduced their target price on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company increased their price objective on Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Friday. Keefe, Bruyette & Woods reduced their price objective on Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating for the company in a research note on Monday, June 2nd. Finally, Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Two 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 a consensus rating of “Hold” and a consensus target price of $164.43.

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.