Park Avenue Securities LLC Has $308,000 Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Park Avenue Securities LLC grew its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 12.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,733 shares of the company’s stock after buying an additional 298 shares during the period. Park Avenue Securities LLC’s holdings in Hamilton Lane were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Hamilton Lane in the fourth quarter valued at about $26,000. USA Financial Formulas acquired a new position in Hamilton Lane in the 4th quarter valued at approximately $28,000. GAMMA Investing LLC bought a new stake in shares of Hamilton Lane in the 4th quarter worth approximately $48,000. SRS Capital Advisors Inc. grew its holdings in shares of Hamilton Lane by 345.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after purchasing an additional 394 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Hamilton Lane during the fourth quarter valued at approximately $142,000. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HLNE. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, May 24th. Finally, UBS Group upped their target price on shares of Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 24th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $114.29.

Hamilton Lane Trading Up 1.9 %

Shares of Hamilton Lane stock opened at $123.58 on Monday. Hamilton Lane Incorporated has a 12-month low of $76.47 and a 12-month high of $130.97. The stock has a market capitalization of $6.67 billion, a P/E ratio of 33.49 and a beta of 1.21. The company has a 50-day simple moving average of $118.54 and a 200 day simple moving average of $114.78. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.38. The company had revenue of $176.67 million during the quarter, compared to analyst estimates of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. Research analysts expect that Hamilton Lane Incorporated will post 4.51 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. Hamilton Lane’s payout ratio is currently 53.12%.

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.