Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Barclays PLC

Barclays PLC lowered its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 48.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,035 shares of the company's stock after selling 119,348 shares during the quarter. Barclays PLC owned approximately 0.23% of Hamilton Lane worth $18,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC boosted its stake in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after acquiring an additional 61 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares during the last quarter. R Squared Ltd acquired a new position in Hamilton Lane in the fourth quarter worth about $213,000. Aigen Investment Management LP acquired a new position in Hamilton Lane in the fourth quarter worth about $221,000. Finally, OLD National Bancorp IN bought a new stake in Hamilton Lane in the fourth quarter valued at about $222,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ:HLNE traded up $3.99 during mid-day trading on Thursday, hitting $148.09. The stock had a trading volume of 298,703 shares, compared to its average volume of 425,257. Hamilton Lane Incorporated has a 52 week low of $109.96 and a 52 week high of $203.72. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 27.32 and a beta of 1.32. The company has a 50 day simple moving average of $146.00 and a 200-day simple moving average of $161.79.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business's revenue for the quarter was up 34.3% compared to the same quarter last year. On average, research analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.32%. Hamilton Lane's payout ratio is 36.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group lowered 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. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Morgan Stanley dropped their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. 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 report on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. One investment 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 MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $165.29.

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.