Clearbridge Investments LLC Sells 171,160 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Clearbridge Investments LLC reduced its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 890,610 shares of the company's stock after selling 171,160 shares during the quarter. Clearbridge Investments LLC owned approximately 1.61% of Hamilton Lane worth $131,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLNE. Vanguard Group Inc. raised its stake in Hamilton Lane by 28.4% during the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after purchasing an additional 863,326 shares during the period. Wellington Management Group LLP raised its position in shares of Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock valued at $293,509,000 after buying an additional 413,015 shares during the last quarter. State Street Corp lifted its holdings in shares of Hamilton Lane by 53.7% in the third 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company's stock worth $186,111,000 after acquiring an additional 25,657 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Hamilton Lane by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company's stock valued at $102,140,000 after acquiring an additional 66,378 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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Hamilton Lane Trading Down 3.7 %

Shares of NASDAQ:HLNE traded down $5.23 during trading on Friday, hitting $135.66. The company had a trading volume of 1,098,402 shares, compared to its average volume of 400,798. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 25.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company has a fifty day simple moving average of $152.82 and a two-hundred day simple moving average of $164.71. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $158.86 million. During the same period last year, the company earned $0.71 earnings per share. Hamilton Lane's revenue was up 34.3% on a year-over-year basis. As a group, equities analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.44%. Hamilton Lane's dividend payout ratio is presently 36.16%.

Analyst Upgrades and Downgrades

Several research analysts have commented on HLNE shares. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a 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 for the company. in a research note on Monday, January 6th. Wells Fargo & Company reduced their price objective on 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. Finally, Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and a consensus target price of $170.71.

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.