FIL Ltd Sells 50,604 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

FIL Ltd cut its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,446 shares of the company's stock after selling 50,604 shares during the period. FIL Ltd owned about 0.31% of Hamilton Lane worth $25,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC grew its stake in Hamilton Lane by 239.9% in the 3rd quarter. FMR LLC now owns 5,557 shares of the company's stock valued at $936,000 after purchasing an additional 3,922 shares during the period. HighTower Advisors LLC purchased a new position in shares of Hamilton Lane in the 3rd quarter worth about $291,000. Integrated Wealth Concepts LLC grew its position in Hamilton Lane by 6.3% during the third quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company's stock valued at $303,000 after buying an additional 106 shares during the period. Stifel Financial Corp increased its holdings in Hamilton Lane by 7.6% during the third quarter. Stifel Financial Corp now owns 40,527 shares of the company's stock worth $6,824,000 after buying an additional 2,867 shares during the last quarter. Finally, State Street Corp raised its position in Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after acquiring an additional 489,557 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

HLNE stock traded up $0.48 during mid-day trading on Tuesday, reaching $141.35. 195,370 shares of the company traded hands, compared to its average volume of 414,743. The company has a fifty day moving average price of $149.10 and a 200-day moving average price of $163.25. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72. The company has a market capitalization of $7.84 billion, a P/E ratio of 26.08 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.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results 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. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the prior year, the firm posted $0.71 EPS. Hamilton Lane's revenue was up 34.3% on a year-over-year basis. As a group, analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.39%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HLNE. Oppenheimer raised 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 report on Tuesday, January 21st. Morgan Stanley cut their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Wells Fargo & Company cut their target price 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, April 8th. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $165.29.

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.