State of Michigan Retirement System Has $1.47 Million Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

State of Michigan Retirement System boosted its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,900 shares of the company’s stock after buying an additional 300 shares during the quarter. State of Michigan Retirement System’s holdings in Hamilton Lane were worth $1,466,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in Hamilton Lane during the third quarter valued at about $1,010,000. US Bancorp DE lifted its position in shares of Hamilton Lane by 399.2% during the 3rd quarter. US Bancorp DE now owns 1,892 shares of the company’s stock worth $319,000 after purchasing an additional 1,513 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Hamilton Lane by 3.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company’s stock valued at $811,000 after purchasing an additional 168 shares during the period. Van ECK Associates Corp grew its holdings in Hamilton Lane by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 25,256 shares of the company’s stock valued at $4,436,000 after buying an additional 7,216 shares during the last quarter. Finally, Amalgamated Bank increased its position in Hamilton Lane by 1,338.8% in the 3rd quarter. Amalgamated Bank now owns 18,474 shares of the company’s stock worth $3,111,000 after buying an additional 17,190 shares during the period. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

HLNE has been the subject of several research reports. Morgan Stanley increased their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $173.14.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $145.94 on Friday. The firm has a market cap of $8.09 billion, a P/E ratio of 26.93 and a beta of 1.28. The firm’s 50-day simple moving average is $153.73 and its 200-day simple moving average is $165.26. Hamilton Lane Incorporated has a twelve month low of $103.42 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the previous year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. As a group, research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

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.