EntryPoint Capital LLC Sells 2,370 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

EntryPoint Capital LLC decreased its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 59.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,607 shares of the company's stock after selling 2,370 shares during the quarter. EntryPoint Capital LLC's holdings in Hamilton Lane were worth $238,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HLNE. CBIZ Investment Advisory Services LLC boosted its stake in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC boosted its holdings in Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after acquiring an additional 221 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane during the third quarter worth approximately $111,000. R Squared Ltd bought a new stake in Hamilton Lane in the 4th quarter valued at $213,000. Finally, Aigen Investment Management LP bought a new position in Hamilton Lane during the fourth quarter valued at about $221,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HLNE. 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 report on Thursday, March 20th. Keefe, Bruyette & Woods boosted 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 report on Wednesday, February 5th. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Finally, 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 note on Monday, January 6th. One equities research 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. According to data from MarketBeat, Hamilton Lane has an average rating of "Hold" and a consensus target price of $170.71.

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Hamilton Lane Trading Up 1.1 %

Shares of HLNE traded up $1.59 on Monday, reaching $148.67. 399,803 shares of the company's stock were exchanged, compared to its average volume of 394,646. The business has a 50 day moving average price of $153.94 and a two-hundred day moving average price of $165.09. Hamilton Lane Incorporated has a 12 month low of $108.34 and a 12 month high of $203.72. The stock has a market capitalization of $8.24 billion, a P/E ratio of 27.43 and a beta of 1.28. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted 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 the consensus estimate of $158.86 million. During the same quarter in the prior year, the business posted $0.71 EPS. The firm's quarterly revenue was up 34.3% on a year-over-year basis. Research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

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

Hamilton Lane 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.