Wasatch Advisors LP Has $282.69 Million Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Wasatch Advisors LP decreased its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 6.2% in the 1st quarter, HoldingsChannel reports. The firm owned 2,506,994 shares of the company’s stock after selling 165,706 shares during the quarter. Hamilton Lane accounts for approximately 1.5% of Wasatch Advisors LP’s portfolio, making the stock its 20th largest position. Wasatch Advisors LP’s holdings in Hamilton Lane were worth $282,689,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Principal Securities Inc. acquired a new position in Hamilton Lane during the 4th quarter worth about $26,000. USA Financial Formulas bought a new stake in shares of Hamilton Lane during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC acquired a new stake in shares of Hamilton Lane in the fourth quarter valued at approximately $48,000. SRS Capital Advisors Inc. raised its position in Hamilton Lane by 345.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after purchasing an additional 394 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Hamilton Lane during the 4th quarter worth $142,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Up 3.4 %

NASDAQ HLNE traded up $4.14 on Tuesday, reaching $127.26. The company had a trading volume of 224,016 shares, compared to its average volume of 260,765. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29. Hamilton Lane Incorporated has a 52 week low of $76.47 and a 52 week high of $130.97. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 34.49 and a beta of 1.17. The stock’s 50 day moving average is $119.04 and its 200-day moving average is $115.01.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. The business had revenue of $176.67 million for the quarter, compared to the consensus estimate of $134.72 million. Equities analysts predict that Hamilton Lane Incorporated will post 4.51 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, June 14th. Hamilton Lane’s dividend payout ratio (DPR) is currently 53.12%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several research reports. UBS Group lifted their target price on Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 24th. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane has an average rating of “Hold” and a consensus target price of $114.29.

Hamilton Lane 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.