Public Employees Retirement System of Ohio Cuts Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Public Employees Retirement System of Ohio trimmed its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 10.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,019 shares of the company’s stock after selling 4,572 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of Hamilton Lane worth $4,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of HLNE. Vanguard Group Inc. lifted its holdings in Hamilton Lane by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock valued at $385,177,000 after acquiring an additional 210,155 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of Hamilton Lane by 60.5% during the 1st quarter. Orion Portfolio Solutions LLC now owns 15,001 shares of the company’s stock worth $1,691,000 after purchasing an additional 5,657 shares during the last quarter. Evoke Wealth LLC purchased a new stake in Hamilton Lane in the 4th quarter valued at $4,720,000. Geneva Capital Management LLC acquired a new stake in Hamilton Lane during the first quarter worth about $22,395,000. Finally, National Bank of Canada FI lifted its holdings in Hamilton Lane by 25.1% in the fourth quarter. National Bank of Canada FI now owns 65,319 shares of the company’s stock valued at $7,062,000 after acquiring an additional 13,104 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Hamilton Lane Stock Up 0.7 %

Hamilton Lane stock opened at $144.37 on Thursday. The stock’s 50 day moving average price is $127.40 and its 200 day moving average price is $118.55. The company has a market cap of $7.80 billion, a PE ratio of 39.12 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 3.02. Hamilton Lane Incorporated has a 1-year low of $78.66 and a 1-year high of $146.69.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, topping 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 analysts’ expectations of $134.72 million. On average, sell-side analysts predict that Hamilton Lane Incorporated will post 4.52 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 14th. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a yield of 1.36%. Hamilton Lane’s dividend payout ratio (DPR) is 53.12%.

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.