Shelton Capital Management Purchases Shares of 1,529 Hamilton Lane Incorporated (NASDAQ:HLNE)

Shelton Capital Management purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,529 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors have also made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC grew its holdings in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hamilton Lane by 283.3% in 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 last quarter. R Squared Ltd bought a new position in Hamilton Lane during the fourth quarter worth $213,000. Aigen Investment Management LP acquired a new position in Hamilton Lane during the 4th quarter valued at $221,000. Finally, OLD National Bancorp IN acquired a new position in Hamilton Lane during the 4th quarter valued at $222,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 0.6 %

Shares of HLNE opened at $137.21 on Friday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.61 billion, a PE ratio of 25.32 and a beta of 1.32. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The stock has a 50 day simple moving average of $149.69 and a 200-day simple moving average of $163.46.

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

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Analyst Ratings Changes

Several research firms have recently issued reports on HLNE. Wells Fargo & Company dropped their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Hamilton Lane presently has an average rating of “Hold” and an average price target of $170.00.

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.