Oregon Public Employees Retirement Fund Buys 241 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Oregon Public Employees Retirement Fund lifted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,541 shares of the company’s stock after purchasing an additional 241 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Hamilton Lane were worth $1,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HLNE. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the 3rd quarter worth approximately $111,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Hamilton Lane in the 3rd quarter worth approximately $127,000. KBC Group NV boosted its position in shares of Hamilton Lane by 18.0% in the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $192,000 after purchasing an additional 174 shares in the last quarter. Associated Banc Corp bought a new position in Hamilton Lane in the 3rd quarter valued at approximately $212,000. Finally, R Squared Ltd bought a new position in Hamilton Lane in the 4th quarter valued at approximately $213,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $156.32 on Friday. The business’s fifty day moving average price is $153.95 and its 200-day moving average price is $165.02. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 28.84 and a beta of 1.25. 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 1-year low of $103.42 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company’s revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. On average, equities analysts predict 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 will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.25%. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HLNE shares. Morgan Stanley upped their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their price objective on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research report 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 objective on the stock. in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $173.14.

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.