Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 345.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 508 shares of the company’s stock after acquiring an additional 394 shares during the period. SRS Capital Advisors Inc.’s holdings in Hamilton Lane were worth $58,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HLNE. GAMMA Investing LLC acquired a new stake in Hamilton Lane during the fourth quarter worth about $48,000. International Assets Investment Management LLC purchased a new position in shares of Hamilton Lane during the 4th quarter valued at approximately $142,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Hamilton Lane by 11.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock valued at $146,000 after purchasing an additional 168 shares during the period. CI Investments Inc. acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $155,000. Finally, Conservest Capital Advisors Inc. purchased a new stake in Hamilton Lane during the fourth quarter worth $244,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the transaction, the insider now owns 480,015 shares in the company, valued at $51,841,620. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 26.82% of the company’s stock.

Analyst Ratings Changes

HLNE has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price objective for the company. in a research report on Thursday, April 11th. Wells Fargo & Company raised their price objective on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Morgan Stanley boosted their price objective on Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Oppenheimer cut shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 11th. Finally, UBS Group boosted their price target on shares of Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $109.67.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE opened at $115.67 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. Hamilton Lane Incorporated has a 1 year low of $62.86 and a 1 year high of $121.90. The firm has a market capitalization of $6.25 billion, a PE ratio of 35.59 and a beta of 1.16. The business’s 50 day moving average price is $111.34 and its 200-day moving average price is $106.83.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.17). The business had revenue of $125.26 million for the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. As a group, equities research analysts expect that Hamilton Lane Incorporated will post 3.53 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a $0.445 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.54%. Hamilton Lane’s payout ratio is 54.77%.

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.