Aigen Investment Management LP Acquires Shares of 1,496 Hamilton Lane Incorporated (NASDAQ:HLNE)

Aigen Investment Management LP bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,496 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLNE. Assetmark Inc. grew its position in Hamilton Lane by 8.8% during the 4th quarter. Assetmark Inc. now owns 10,022 shares of the company’s stock worth $1,484,000 after purchasing an additional 814 shares during the last quarter. Cookson Peirce & Co. Inc. increased its position in Hamilton Lane by 56.1% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 5,114 shares of the company’s stock valued at $757,000 after acquiring an additional 1,837 shares during the period. Victory Capital Management Inc. raised its stake in Hamilton Lane by 59.2% during the 4th quarter. Victory Capital Management Inc. now owns 16,980 shares of the company’s stock valued at $2,514,000 after acquiring an additional 6,313 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Hamilton Lane by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 357,957 shares of the company’s stock valued at $52,996,000 after acquiring an additional 9,551 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Hamilton Lane by 3.1% during the fourth quarter. State of Michigan Retirement System now owns 9,900 shares of the company’s stock worth $1,466,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $145.94 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market cap of $8.09 billion, a PE ratio of 26.93 and a beta of 1.28. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72. The stock has a fifty day moving average price of $153.73 and a 200 day moving average price of $165.40.

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

Hamilton Lane Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.