Islay Capital Management LLC Grows Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Islay Capital Management LLC increased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,112 shares of the company’s stock after purchasing an additional 355 shares during the period. Islay Capital Management LLC’s holdings in Hamilton Lane were worth $757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 worth $43,000 after acquiring 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 purchasing an additional 221 shares during the last quarter. R Squared Ltd purchased a new position in Hamilton Lane during the 4th quarter valued at about $213,000. Aigen Investment Management LP bought a new position in Hamilton Lane during the 4th quarter valued at approximately $221,000. Finally, OLD National Bancorp IN purchased a new stake in Hamilton Lane in the 4th quarter worth approximately $222,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HLNE. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company reduced their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Keefe, Bruyette & Woods raised 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 report on Wednesday, February 5th. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Hamilton Lane presently has an average rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Trading Down 3.7 %

NASDAQ:HLNE opened at $135.66 on Friday. The firm has a market capitalization of $7.52 billion, a P/E ratio of 25.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72. The company’s 50-day simple moving average is $152.82 and its 200 day simple moving average is $164.71.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping 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 analysts’ expectations of $158.86 million. During the same period in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. As a group, analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane’s dividend payout ratio is presently 36.16%.

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.