Intech Investment Management LLC Has $2.68 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Intech Investment Management LLC lifted its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 81.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,116 shares of the company’s stock after buying an additional 8,123 shares during the quarter. Intech Investment Management LLC’s holdings in Hamilton Lane were worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its stake in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC increased its position in Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after acquiring an additional 221 shares during the period. Icon Wealth Advisors LLC bought a new position in Hamilton Lane during the third quarter worth $111,000. Harvest Fund Management Co. Ltd bought a new position in Hamilton Lane during the third quarter worth $127,000. Finally, KBC Group NV increased its position in Hamilton Lane by 18.0% during the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $192,000 after acquiring an additional 174 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HLNE shares. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane has an average rating of “Hold” and an average target price of $173.14.

Hamilton Lane Trading Up 4.0 %

Shares of Hamilton Lane stock opened at $150.57 on Thursday. Hamilton Lane Incorporated has a 52-week low of $105.65 and a 52-week high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company’s fifty day moving average price is $152.86 and its two-hundred day moving average price is $164.82. The firm has a market capitalization of $8.35 billion, a PE ratio of 27.78 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. On average, analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.30%. Hamilton Lane’s dividend payout ratio is presently 36.16%.

Hamilton Lane Company 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.