Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,219 shares of the company's stock after selling 50,128 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.23% of Hamilton Lane worth $18,927,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Hamilton Lane by 27.0% in the fourth 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 during the period. Farther Finance Advisors LLC raised its holdings in shares of Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after buying an additional 221 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane during the third quarter worth about $111,000. Harvest Fund Management Co. Ltd acquired a new position in Hamilton Lane in the 3rd quarter valued at about $127,000. Finally, Associated Banc Corp acquired a new position in shares of Hamilton Lane in the third quarter valued at approximately $212,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective 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 upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company reduced 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. Finally, The Goldman Sachs Group cut 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. One equities research 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 MarketBeat, Hamilton Lane has an average rating of "Hold" and an average target price of $170.71.

Remove Ads

Hamilton Lane Price Performance

HLNE stock traded down $3.59 during trading on Wednesday, reaching $154.02. 308,332 shares of the company were exchanged, compared to its average volume of 382,294. Hamilton Lane Incorporated has a 52-week low of $107.40 and a 52-week high of $203.72. 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 company has a market cap of $8.54 billion, a P/E ratio of 28.42 and a beta of 1.28. The stock's 50 day moving average price is $153.79 and its 200 day moving average price is $165.06.

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

Hamilton Lane Dividend Announcement

The firm 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. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.27%. Hamilton Lane's dividend payout ratio (DPR) is currently 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.