DF Dent & Co. Inc. Has $38.14 Million Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

DF Dent & Co. Inc. cut its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 257,646 shares of the company's stock after selling 78,306 shares during the period. DF Dent & Co. Inc. owned 0.46% of Hamilton Lane worth $38,144,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its stake 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 last quarter. Farther Finance Advisors LLC grew its holdings in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Hamilton Lane in the fourth quarter valued at $213,000. Aigen Investment Management LP acquired a new position in Hamilton Lane during the 4th quarter worth about $221,000. Finally, OLD National Bancorp IN acquired a new position in Hamilton Lane during the 4th quarter worth about $222,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock traded down $1.70 during trading on Tuesday, hitting $132.42. 192,868 shares of the stock were exchanged, compared to its average volume of 404,126. Hamilton Lane Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 24.36 and a beta of 1.32. The company has a fifty day moving average price of $152.33 and a 200-day moving average price of $164.62.

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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, 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 firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the prior year, the company posted $0.71 earnings per share. The business's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.48%. Hamilton Lane's dividend payout ratio is presently 36.16%.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of research reports. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company reduced 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 note on Thursday, March 20th. Keefe, Bruyette & Woods lifted their target price 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. Finally, The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective 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 given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $170.71.

Hamilton Lane Company 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.