Congress Wealth Management LLC DE Buys 123 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Congress Wealth Management LLC DE increased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,986 shares of the company’s stock after acquiring an additional 123 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Hamilton Lane were worth $590,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HLNE. CBIZ Investment Advisory Services LLC lifted its stake in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane during the third quarter valued at $111,000. R Squared Ltd purchased a new position in Hamilton Lane during the fourth quarter worth about $213,000. Finally, Aigen Investment Management LP bought a new position in Hamilton Lane in the 4th quarter worth about $221,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Down 2.5 %

HLNE stock opened at $147.08 on Friday. The company has a market capitalization of $8.15 billion, a PE ratio of 27.14 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72. The company’s 50 day moving average price is $153.94 and its two-hundred day moving average price is $164.85.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. As a group, analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLNE. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Hamilton Lane has a consensus rating of “Hold” and an average target price of $170.71.

Hamilton Lane 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.