Fiera Capital Corp Reduces Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Fiera Capital Corp lowered its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,912 shares of the company's stock after selling 6,399 shares during the quarter. Fiera Capital Corp owned 0.50% of Hamilton Lane worth $40,701,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP grew its position in Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock valued at $293,509,000 after purchasing an additional 413,015 shares during the period. State Street Corp grew its position 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 purchasing an additional 489,557 shares during the period. Geode Capital Management LLC grew its position in Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company's stock valued at $186,111,000 after purchasing an additional 25,657 shares during the period. Copeland Capital Management LLC grew its position in Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company's stock valued at $145,388,000 after purchasing an additional 7,106 shares during the period. Finally, Principal Financial Group Inc. grew its position 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.

Wall Street Analyst Weigh In

HLNE has been the subject of several research reports. Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Morgan Stanley boosted their price target 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. Finally, The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $173.14.

Hamilton Lane Stock Performance

Hamilton Lane stock traded up $4.36 during midday trading on Friday, reaching $156.19. The stock had a trading volume of 413,127 shares, compared to its average volume of 419,488. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month high of $203.72. The firm's 50-day moving average price is $155.92 and its 200 day moving average price is $163.66. The firm has a market capitalization of $8.66 billion, a PE ratio of 28.82 and a beta of 1.25. The company has a quick ratio of 3.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) 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 business had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. During the same period in the previous year, the business posted $0.71 EPS. The firm's quarterly revenue was up 34.3% compared to the same quarter last year. As a group, research analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.

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.