Copeland Capital Management LLC Has $116.01 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Copeland Capital Management LLC cut its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 783,587 shares of the company's stock after selling 79,810 shares during the quarter. Hamilton Lane accounts for about 2.2% of Copeland Capital Management LLC's portfolio, making the stock its 3rd biggest position. Copeland Capital Management LLC owned approximately 1.41% of Hamilton Lane worth $116,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp increased its stake in Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock valued at $236,516,000 after buying an additional 489,557 shares during the last quarter. Wellington Management Group LLP increased 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 acquiring an additional 413,015 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Hamilton Lane during the fourth quarter worth $30,350,000. Barclays PLC boosted its position in Hamilton Lane by 84.5% in the third quarter. Barclays PLC now owns 246,383 shares of the company's stock worth $41,488,000 after purchasing an additional 112,866 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after purchasing an additional 97,924 shares during the period. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Down 0.2 %

Hamilton Lane stock opened at $159.18 on Friday. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market cap of $8.82 billion, a P/E ratio of 34.53 and a beta of 1.24. The business has a 50-day simple moving average of $162.12 and a two-hundred day simple moving average of $162.33. Hamilton Lane Incorporated has a 52-week low of $103.42 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Analysts predict that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a $0.49 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.23%. Hamilton Lane's payout ratio is presently 42.52%.

Analysts Set New Price Targets

Several research firms have commented on HLNE. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective on the stock in a report on Tuesday, January 21st. Morgan Stanley raised their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Wells Fargo & Company lowered their target price on shares of Hamilton Lane from $194.00 to $163.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. 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 report on Monday, January 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on Hamilton Lane from $167.00 to $158.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $170.86.

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.

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