Venturi Wealth Management LLC Acquires New Shares in Hamilton Lane Inc. (NASDAQ:HLNE)

Venturi Wealth Management LLC acquired a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 1,360 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HLNE. KLP Kapitalforvaltning AS grew its stake in Hamilton Lane by 5.1% in the first quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the company’s stock valued at $1,237,000 after purchasing an additional 400 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Hamilton Lane in the 1st quarter worth approximately $1,454,000. Kingsview Wealth Management LLC grew its position in shares of Hamilton Lane by 3.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 16,943 shares of the company’s stock worth $2,519,000 after buying an additional 593 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Hamilton Lane in the 1st quarter worth approximately $33,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of Hamilton Lane in the 1st quarter worth approximately $328,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $156.86 on Friday. The stock has a market cap of $8.40 billion, a PE ratio of 29.10 and a beta of 1.22. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. Hamilton Lane Inc. has a twelve month low of $123.98 and a twelve month high of $203.72. The stock has a fifty day simple moving average of $150.88 and a 200-day simple moving average of $151.26.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The firm had revenue of $197.97 million for the quarter, compared to analyst estimates of $165.49 million. During the same quarter in the prior year, the company earned $1.38 EPS. Hamilton Lane’s revenue was up 12.1% on a year-over-year basis. Equities analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were paid a dividend of $0.54 per share. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.16 annualized dividend and a yield of 1.38%. Hamilton Lane’s dividend payout ratio is presently 40.07%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods dropped their price target on Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating on the stock in a research note on Monday, June 2nd. Wall Street Zen lowered Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Oppenheimer lowered Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 15th. Finally, Morgan Stanley dropped their price target on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and an average price target of $161.29.

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.