Orion Portfolio Solutions LLC Buys 1,179 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Orion Portfolio Solutions LLC raised its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,080 shares of the company’s stock after buying an additional 1,179 shares during the period. Orion Portfolio Solutions LLC’s holdings in Hamilton Lane were worth $2,381,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HLNE shares. 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 report on Monday, January 6th. 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 report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price target on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.71.

Hamilton Lane Stock Up 2.2 %

Shares of NASDAQ:HLNE opened at $151.92 on Wednesday. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The business’s 50-day moving average is $153.80 and its 200-day moving average is $165.07. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 28.03 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) 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 analyst estimates 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 previous year, the firm earned $0.71 earnings per share. Equities research 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 issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.29%. Hamilton Lane’s dividend payout ratio is currently 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.