Icon Wealth Advisors LLC Makes New $111,000 Investment in Hamilton Lane Incorporated (NASDAQ:HLNE)

Icon Wealth Advisors LLC purchased a new position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 659 shares of the company’s stock, valued at approximately $111,000.

Other hedge funds have also recently made changes to their positions in the company. Van Berkom & Associates Inc. lifted its stake in shares of Hamilton Lane by 2.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock valued at $110,334,000 after acquiring an additional 17,272 shares during the last quarter. Copeland Capital Management LLC increased its stake in Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after purchasing an additional 7,106 shares during the period. Fred Alger Management LLC lifted its position in Hamilton Lane by 10.5% in the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after purchasing an additional 65,151 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hamilton Lane by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock valued at $72,943,000 after purchasing an additional 37,680 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after purchasing an additional 97,924 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on HLNE. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group increased their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane has an average rating of “Hold” and an average target price of $180.33.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $192.40 on Monday. Hamilton Lane Incorporated has a fifty-two week low of $96.38 and a fifty-two week high of $203.72. The stock’s 50 day simple moving average is $182.05 and its two-hundred day simple moving average is $151.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 41.74 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. As a group, analysts expect that Hamilton Lane Incorporated will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.02%. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

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.