Walleye Capital LLC Takes $787,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Walleye Capital LLC purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,315 shares of the company’s stock, valued at approximately $787,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HLNE. CBIZ Investment Advisory Services LLC boosted its position in shares of Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after buying an additional 65 shares during the last quarter. Arizona State Retirement System grew its position in shares of Hamilton Lane by 0.7% during the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock worth $1,653,000 after buying an additional 80 shares during the period. Lifestyle Asset Management Inc. increased its stake in shares of Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after acquiring an additional 84 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Hamilton Lane by 6.0% in the 4th quarter. HighTower Advisors LLC now owns 1,824 shares of the company’s stock valued at $270,000 after acquiring an additional 103 shares during the period. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Trading Down 4.6 %

NASDAQ HLNE opened at $131.40 on Tuesday. Hamilton Lane Incorporated has a 52 week low of $109.84 and a 52 week high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock’s 50 day moving average price is $146.55 and its two-hundred day moving average price is $162.09. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 24.24 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping 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 business had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 34.3% on a year-over-year basis. As a group, analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

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

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.