Islay Capital Management LLC Acquires Shares of 3,334 Hamilton Lane Incorporated (NASDAQ:HLNE)

Islay Capital Management LLC acquired a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,334 shares of the company’s stock, valued at approximately $378,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Hamilton Lane by 228.5% during the third quarter. FMR LLC now owns 61,672 shares of the company’s stock valued at $5,578,000 after acquiring an additional 42,898 shares during the period. Barclays PLC increased its stake in shares of Hamilton Lane by 28.3% in the third quarter. Barclays PLC now owns 95,815 shares of the company’s stock valued at $8,665,000 after buying an additional 21,123 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Hamilton Lane in the third quarter valued at $803,000. NBC Securities Inc. acquired a new stake in shares of Hamilton Lane in the third quarter valued at $827,000. Finally, Loomis Sayles & Co. L P increased its stake in shares of Hamilton Lane by 0.7% in the third quarter. Loomis Sayles & Co. L P now owns 949,865 shares of the company’s stock valued at $85,906,000 after buying an additional 6,920 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Insider Transactions at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the completion of the transaction, the insider now directly owns 480,015 shares in the company, valued at approximately $51,841,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 26.82% of the company’s stock.

Hamilton Lane Trading Down 1.9 %

Shares of Hamilton Lane stock traded down $2.15 during trading on Tuesday, hitting $112.07. 49,467 shares of the company were exchanged, compared to its average volume of 246,353. The firm has a market capitalization of $6.05 billion, a P/E ratio of 34.65 and a beta of 1.18. Hamilton Lane Incorporated has a 1-year low of $62.86 and a 1-year high of $121.90. The firm’s fifty day moving average price is $111.69 and its 200 day moving average price is $106.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.17). The company had revenue of $125.26 million for the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. Hamilton Lane’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. As a group, sell-side analysts expect that Hamilton Lane Incorporated will post 3.53 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 annualized dividend and a dividend yield of 1.59%. Hamilton Lane’s payout ratio is currently 54.77%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HLNE. UBS Group raised their target price on Hamilton Lane from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company lifted their price objective on Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Morgan Stanley lifted their price objective on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Oppenheimer lowered Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. lowered Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price objective for the company. in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.67.

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.