Cibc World Markets Corp Purchases New Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Cibc World Markets Corp purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,594 shares of the company’s stock, valued at approximately $532,000.

Several other large investors also recently modified their holdings of HLNE. CBIZ Investment Advisory Services LLC grew its stake in shares of Hamilton Lane by 27.0% during the fourth 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. Farther Finance Advisors LLC lifted its position in shares of Hamilton Lane by 283.3% during 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. Icon Wealth Advisors LLC bought a new position in shares of Hamilton Lane during the third quarter worth about $111,000. Harvest Fund Management Co. Ltd bought a new position in Hamilton Lane in the third quarter worth about $127,000. Finally, Associated Banc Corp bought a new position in Hamilton Lane in the third quarter worth about $212,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of recent research reports. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. Wells Fargo & Company cut their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday. 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 report on Wednesday, February 5th. Finally, The Goldman Sachs Group cut 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Hold” and an average price target of $170.71.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $150.64 on Friday. The firm’s 50 day moving average is $153.10 and its two-hundred day moving average is $164.81. Hamilton Lane Incorporated has a 52 week low of $107.22 and a 52 week high of $203.72. The firm has a market capitalization of $8.35 billion, a P/E ratio of 27.79 and a beta of 1.28. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. Analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.30%. Hamilton Lane’s payout ratio is 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.