Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,973 shares of the company’s stock after acquiring an additional 499 shares during the quarter. Amalgamated Bank’s holdings in Hamilton Lane were worth $2,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane during the third quarter worth about $111,000. Harvest Fund Management Co. Ltd purchased a new stake in Hamilton Lane in the third quarter valued at approximately $127,000. KBC Group NV boosted its holdings in shares of Hamilton Lane by 18.0% in the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after acquiring an additional 174 shares during the period. Associated Banc Corp purchased a new position in shares of Hamilton Lane during the third quarter worth approximately $212,000. Finally, R Squared Ltd acquired a new position in shares of Hamilton Lane in the 4th quarter valued at $213,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HLNE shares. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods increased 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 note on Wednesday, February 5th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $173.14.

Hamilton Lane Price Performance

Shares of HLNE opened at $156.32 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’s 50 day moving average is $153.95 and its two-hundred day moving average is $165.02. Hamilton Lane Incorporated has a twelve month low of $103.42 and a twelve month high of $203.72. The firm has a market capitalization of $8.67 billion, a PE ratio of 28.84 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the previous year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. Research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.25%. Hamilton Lane’s dividend payout ratio is presently 36.16%.

Hamilton Lane 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.