OneDigital Investment Advisors LLC Invests $225,000 in Hamilton Lane Inc. (NASDAQ:HLNE)

OneDigital Investment Advisors LLC acquired a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,514 shares of the company’s stock, valued at approximately $225,000.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Hamilton Lane by 229.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company’s stock valued at $191,321,000 after buying an additional 900,283 shares during the period. Vanguard Group Inc. raised its holdings in shares of Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock worth $577,681,000 after acquiring an additional 863,326 shares during the last quarter. Norges Bank bought a new position in Hamilton Lane in the 4th quarter valued at about $68,909,000. Invesco Ltd. lifted its position in Hamilton Lane by 25.3% in the 4th quarter. Invesco Ltd. now owns 1,923,253 shares of the company’s stock valued at $284,738,000 after acquiring an additional 388,019 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Hamilton Lane in the 4th quarter valued at about $24,081,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Oppenheimer cut shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Morgan Stanley dropped 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. JPMorgan Chase & Co. dropped their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Keefe, Bruyette & Woods reduced their price objective 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, Wall Street Zen downgraded shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $164.43.

Hamilton Lane Trading Down 1.2%

Shares of HLNE opened at $151.38 on Monday. The firm’s 50-day moving average price is $153.48 and its 200-day moving average price is $150.94. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 28.09 and a beta of 1.22. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. Hamilton Lane Inc. has a 1-year low of $123.98 and a 1-year high of $203.72.

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

Hamilton Lane Increases Dividend

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