Farther Finance Advisors LLC Purchases 221 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Farther Finance Advisors LLC grew its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 283.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 299 shares of the company’s stock after acquiring an additional 221 shares during the period. Farther Finance Advisors LLC’s holdings in Hamilton Lane were worth $44,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC purchased a new position in Hamilton Lane in the 3rd quarter worth approximately $111,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at $127,000. Associated Banc Corp bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at $212,000. R Squared Ltd bought a new stake in shares of Hamilton Lane during the 4th quarter valued at $213,000. Finally, Aigen Investment Management LP bought a new stake in shares of Hamilton Lane during the 4th quarter valued at $221,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and an average target price of $170.71.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $150.64 on Monday. The firm has a market cap of $8.35 billion, a P/E ratio of 27.79 and a beta of 1.28. Hamilton Lane Incorporated has a one year low of $107.22 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The firm’s 50 day moving average price is $153.10 and its 200-day moving average price is $164.92.

Hamilton Lane (NASDAQ:HLNE) last announced 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. The company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

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