Voloridge Investment Management LLC Buys New Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Voloridge Investment Management LLC bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 4th quarter, Holdings Channel.com reports. The firm bought 91,124 shares of the company’s stock, valued at approximately $13,491,000.

Other large investors have also recently bought and sold shares of the company. Vista Finance LLC bought a new stake in shares of Hamilton Lane in the fourth quarter worth $338,000. Kingsview Wealth Management LLC bought a new stake in Hamilton Lane during the 4th quarter worth about $2,421,000. State of Michigan Retirement System lifted its position in Hamilton Lane by 3.1% during the 4th quarter. State of Michigan Retirement System now owns 9,900 shares of the company’s stock worth $1,466,000 after buying an additional 300 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Hamilton Lane by 41.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 2,513 shares of the company’s stock worth $372,000 after buying an additional 741 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hamilton Lane by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 357,957 shares of the company’s stock valued at $52,996,000 after acquiring an additional 9,551 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

HLNE has been the topic of several analyst reports. Wells Fargo & Company upped their target price on Hamilton Lane from $147.00 to $166.00 and gave the stock an “equal weight” rating in a report on Friday. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their target price on shares of Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley dropped their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Hold” and an average price target of $166.86.

Hamilton Lane Stock Performance

HLNE opened at $165.41 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 12-month low of $114.85 and a 12-month high of $203.72. The business has a 50 day moving average of $151.64 and a 200-day moving average of $159.42. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 30.52 and a beta of 1.31.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane’s dividend payout ratio is 36.16%.

About Hamilton Lane

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.