Hamilton Lane Inc. (NASDAQ:HLNE) Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers grew its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 73.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,682 shares of the company’s stock after purchasing an additional 1,977 shares during the period. Cetera Investment Advisers’ holdings in Hamilton Lane were worth $696,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted 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 worth $191,321,000 after acquiring an additional 900,283 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Hamilton Lane by 10.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company’s stock worth $115,533,000 after acquiring an additional 70,976 shares during the period. Northern Trust Corp lifted its stake in shares of Hamilton Lane by 3.2% in the 4th quarter. Northern Trust Corp now owns 623,735 shares of the company’s stock worth $92,344,000 after acquiring an additional 19,514 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Hamilton Lane by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 359,694 shares of the company’s stock worth $53,476,000 after acquiring an additional 3,468 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Hamilton Lane by 13.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 216,568 shares of the company’s stock worth $32,197,000 after acquiring an additional 25,867 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Down 1.5%

HLNE stock opened at $158.44 on Friday. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72. The company’s 50 day simple moving average is $149.24 and its 200-day simple moving average is $151.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. The firm has a market capitalization of $8.48 billion, a P/E ratio of 30.47 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The business had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same quarter in the previous year, the business earned $1.47 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Hamilton Lane’s payout ratio is currently 41.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. cut their target price on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Oppenheimer lowered shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company increased their target price on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and a consensus target price of $163.14.

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.