Tower Research Capital LLC TRC Buys 3,615 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Tower Research Capital LLC TRC lifted its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 417.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,481 shares of the company’s stock after buying an additional 3,615 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Hamilton Lane were worth $663,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after acquiring an additional 863,326 shares during the period. Norges Bank acquired a new stake in Hamilton Lane in the 4th quarter valued at about $68,909,000. Invesco Ltd. grew its holdings in Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company’s stock worth $284,738,000 after purchasing an additional 388,019 shares during the period. Artemis Investment Management LLP bought a new position in Hamilton Lane during the fourth quarter worth about $30,350,000. Finally, Raymond James Financial Inc. acquired a new position in Hamilton Lane during the fourth quarter worth approximately $24,081,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HLNE. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. Wells Fargo & Company cut their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley lowered their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Hamilton Lane has an average rating of “Hold” and an average target price of $165.29.

Hamilton Lane Trading Up 0.2 %

HLNE stock opened at $148.34 on Monday. Hamilton Lane Incorporated has a 52 week low of $110.90 and a 52 week high of $203.72. The company has a market capitalization of $8.22 billion, a PE ratio of 27.37 and a beta of 1.32. The company’s 50-day simple moving average is $145.61 and its 200 day simple moving average is $161.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 34.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.32%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

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.