Federated Hermes Inc. Lowers Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Federated Hermes Inc. decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,222,037 shares of the company's stock after selling 275,282 shares during the quarter. Federated Hermes Inc. owned 2.20% of Hamilton Lane worth $180,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. CBIZ Investment Advisory Services LLC boosted its position 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 in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock valued at $705,000 after buying an additional 65 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Hamilton Lane by 0.7% in the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock valued at $1,653,000 after purchasing an additional 80 shares during the period. Lifestyle Asset Management Inc. raised its position in Hamilton Lane by 5.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock worth $224,000 after buying an additional 84 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Hamilton Lane by 0.6% during the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock worth $2,509,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

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Hamilton Lane Trading Down 2.1 %

HLNE traded down $2.85 during trading hours on Friday, reaching $135.23. The company's stock had a trading volume of 253,418 shares, compared to its average volume of 411,686. The stock has a market cap of $7.50 billion, a PE ratio of 24.95 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. The business's 50-day moving average is $150.17 and its 200-day moving average is $163.66.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm's quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. As a group, equities research analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price 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. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Oppenheimer upgraded 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of "Hold" and an average target price of $170.00.

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.