Corebridge Financial Inc. Sells 2,098 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Corebridge Financial Inc. reduced its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,071 shares of the company's stock after selling 2,098 shares during the quarter. Corebridge Financial Inc. owned 0.12% of Hamilton Lane worth $9,782,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Hamilton Lane by 9.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 348,406 shares of the company's stock valued at $58,668,000 after purchasing an additional 31,197 shares during the period. Citigroup Inc. raised its stake in Hamilton Lane by 133.9% in the third quarter. Citigroup Inc. now owns 34,370 shares of the company's stock valued at $5,788,000 after buying an additional 19,677 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Hamilton Lane in the third quarter valued at approximately $127,000. Associated Banc Corp bought a new position in shares of Hamilton Lane during the 3rd quarter worth approximately $212,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Hamilton Lane by 102.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company's stock worth $7,934,000 after acquiring an additional 23,854 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analysts Set New Price Targets

HLNE has been the subject of several research reports. The Goldman Sachs Group downgraded 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. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. One investment 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, the stock has an average rating of "Hold" and a consensus target price of $170.71.

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Hamilton Lane Price Performance

Shares of NASDAQ HLNE traded up $1.59 during mid-day trading on Monday, reaching $148.67. The company had a trading volume of 399,803 shares, compared to its average volume of 394,646. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72. The business's 50-day simple moving average is $153.91 and its 200 day simple moving average is $165.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 27.43 and a beta of 1.28.

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

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.32%. Hamilton Lane's dividend payout ratio is currently 36.16%.

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.