Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.0% in the 2nd quarter, Holdings Channel reports. The firm owned 8,340 shares of the company’s stock after acquiring an additional 242 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hamilton Lane were worth $1,031,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HLNE. EFG Asset Management North America Corp. lifted its position in Hamilton Lane by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after purchasing an additional 81 shares during the last quarter. Van Hulzen Asset Management LLC lifted its holdings in shares of Hamilton Lane by 1.8% during the 4th quarter. Van Hulzen Asset Management LLC now owns 10,840 shares of the company’s stock worth $1,230,000 after acquiring an additional 189 shares during the last quarter. Personal CFO Solutions LLC grew its position in Hamilton Lane by 4.9% in the fourth quarter. Personal CFO Solutions LLC now owns 4,220 shares of the company’s stock worth $479,000 after acquiring an additional 196 shares in the last quarter. New York State Common Retirement Fund grew its position in Hamilton Lane by 1.3% in the fourth quarter. New York State Common Retirement Fund now owns 17,459 shares of the company’s stock worth $1,981,000 after acquiring an additional 221 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in Hamilton Lane in the fourth quarter valued at $26,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 2.8 %

Shares of HLNE stock opened at $148.54 on Wednesday. The business has a 50-day moving average of $138.38 and a 200 day moving average of $123.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. Hamilton Lane Incorporated has a 1-year low of $78.66 and a 1-year high of $154.50. The stock has a market capitalization of $8.02 billion, a PE ratio of 40.25 and a beta of 1.17.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The firm had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.88 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s payout ratio is 53.12%.

Wall Street Analyst Weigh In

HLNE has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, UBS Group increased their price target on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $133.20.

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.