Thrivent Financial For Lutherans bought a new position in shares of Hamilton Lane Advisors, L.L.C. (NASDAQ:HLNE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 545,283 shares of the company’s stock, valued at approximately $19,298,000. Thrivent Financial For Lutherans owned approximately 1.15% of Hamilton Lane Advisors as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in Hamilton Lane Advisors in the third quarter valued at approximately $160,000. JPMorgan Chase & Co. raised its stake in shares of Hamilton Lane Advisors by 44.2% during the third quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock valued at $163,000 after acquiring an additional 1,900 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Hamilton Lane Advisors by 84.5% during the second quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock valued at $178,000 after acquiring an additional 3,710 shares during the last quarter. Burgundy Asset Management Ltd. bought a new position in shares of Hamilton Lane Advisors during the third quarter valued at $229,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Hamilton Lane Advisors during the second quarter valued at $252,000. 29.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of HLNE stock traded up $1.35 during midday trading on Friday, reaching $37.78. 692,542 shares of the company were exchanged, compared to its average volume of 336,560. Hamilton Lane Advisors, L.L.C. has a fifty-two week low of $17.32 and a fifty-two week high of $40.43. The company has a market capitalization of $1,834.86 and a P/E ratio of 28.84. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.31 and a quick ratio of 1.31.
Hamilton Lane Advisors (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 6th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.17. Hamilton Lane Advisors had a net margin of 2.09% and a return on equity of 70.74%. The business had revenue of $65.01 million during the quarter, compared to the consensus estimate of $51.39 million. The company’s quarterly revenue was up 53.6% compared to the same quarter last year. analysts anticipate that Hamilton Lane Advisors, L.L.C. will post 1.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, March 14th. Hamilton Lane Advisors’s dividend payout ratio (DPR) is currently 291.67%.
Separately, Morgan Stanley reaffirmed an “equal weight” rating and set a $39.00 price target (up previously from $38.00) on shares of Hamilton Lane Advisors in a research note on Wednesday, March 7th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.00.
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About Hamilton Lane Advisors
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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