New Age Alpha Advisors LLC Purchases Shares of 9,114 Hamilton Lane Incorporated (NASDAQ:HLNE)

New Age Alpha Advisors LLC acquired a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,114 shares of the company’s stock, valued at approximately $1,349,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLNE. CBIZ Investment Advisory Services LLC raised its stake in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after buying an additional 221 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Hamilton Lane in the 3rd quarter valued at about $111,000. R Squared Ltd bought a new stake in Hamilton Lane during the fourth quarter worth approximately $213,000. Finally, Aigen Investment Management LP purchased a new stake in Hamilton Lane during the fourth quarter valued at approximately $221,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 2.5 %

NASDAQ HLNE opened at $147.08 on Monday. The stock has a market cap of $8.15 billion, a PE ratio of 27.14 and a beta of 1.28. Hamilton Lane Incorporated has a 12 month low of $108.34 and a 12 month high of $203.72. The company’s 50-day moving average price is $153.94 and its 200-day moving average price is $165.09. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 EPS 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 business had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the prior year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. Equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

HLNE has been the subject of a number of recent research reports. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. Wells Fargo & Company cut their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Keefe, Bruyette & Woods raised their target price 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. Finally, The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $170.71.

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.