Magnetar Financial LLC Buys New Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Magnetar Financial LLC bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the fourth quarter, Holdings Channel reports. The firm bought 35,493 shares of the company’s stock, valued at approximately $5,255,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Xponance Inc. grew its position in Hamilton Lane by 6.3% in the 4th quarter. Xponance Inc. now owns 5,662 shares of the company’s stock worth $838,000 after purchasing an additional 335 shares during the last quarter. Intech Investment Management LLC grew its position in Hamilton Lane by 81.3% in the 4th quarter. Intech Investment Management LLC now owns 18,116 shares of the company’s stock worth $2,682,000 after purchasing an additional 8,123 shares during the last quarter. Cibc World Markets Corp acquired a new stake in Hamilton Lane in the 4th quarter worth $532,000. CBIZ Investment Advisory Services LLC grew its position in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Hamilton Lane in the 4th quarter worth $736,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Trading Up 4.0 %

Shares of HLNE stock opened at $150.57 on Thursday. Hamilton Lane Incorporated has a 12-month low of $105.65 and a 12-month high of $203.72. The company has a market capitalization of $8.35 billion, a P/E ratio of 27.78 and a beta of 1.28. The firm has a 50-day moving average price of $152.86 and a 200 day moving average price of $164.82. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 34.3% on a year-over-year basis. Research 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio is 36.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company raised 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. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. Finally, Oppenheimer raised 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 report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.14.

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.