B. Metzler seel. Sohn & Co. AG lessened its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,485 shares of the company's stock after selling 5,211 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Hamilton Lane were worth $3,033,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after acquiring an additional 863,326 shares during the last quarter. State Street Corp lifted its position in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after buying an additional 489,557 shares during the last quarter. Norges Bank acquired a new stake in Hamilton Lane in the fourth quarter valued at about $68,909,000. Wellington Management Group LLP raised its stake in Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock worth $293,509,000 after acquiring an additional 413,015 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new position in shares of Hamilton Lane in the fourth quarter worth about $30,350,000. 97.40% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. Finally, Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $170.71.
Check Out Our Latest Research Report on HLNE
Hamilton Lane Trading Down 3.7 %
Shares of Hamilton Lane stock traded down $5.23 during midday trading on Friday, reaching $135.66. The company had a trading volume of 1,098,402 shares, compared to its average volume of 401,678. The firm has a market cap of $7.52 billion, a PE ratio of 25.03 and a beta of 1.28. The stock has a fifty day moving average price of $152.82 and a 200 day moving average price of $164.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million during 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%. Hamilton Lane's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. On average, equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.
Hamilton Lane Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is 36.16%.
Hamilton Lane Company Profile
(
Free Report)
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.
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