Hamilton Lane Incorporated (NASDAQ:HLNE) Stake Lessened by EAM Investors LLC

EAM Investors LLC lessened its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 50.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,815 shares of the company's stock after selling 14,992 shares during the period. EAM Investors LLC's holdings in Hamilton Lane were worth $2,193,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HLNE. CBIZ Investment Advisory Services LLC raised its holdings in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after acquiring an additional 221 shares during the period. R Squared Ltd bought a new position in shares of Hamilton Lane in the fourth quarter worth $213,000. Aigen Investment Management LP acquired a new position in shares of Hamilton Lane during the fourth quarter valued at $221,000. Finally, OLD National Bancorp IN bought a new stake in shares of Hamilton Lane during the fourth quarter valued at about $222,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Price Performance

Hamilton Lane stock traded up $3.58 during mid-day trading on Tuesday, hitting $134.98. The company's stock had a trading volume of 61,222 shares, compared to its average volume of 421,487. The stock has a market capitalization of $7.48 billion, a P/E ratio of 24.92 and a beta of 1.32. Hamilton Lane Incorporated has a twelve month low of $109.84 and a twelve month high of $203.72. The stock's fifty day moving average price is $146.55 and its two-hundred day moving average price is $162.09. The company has a quick ratio of 4.19, 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 earnings results 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 return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period in the previous year, the firm earned $0.71 earnings per share. Hamilton Lane's revenue for the quarter was up 34.3% compared to the same quarter last year. Research analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

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

Analyst Upgrades and Downgrades

HLNE has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised 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. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. Morgan Stanley lowered their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company dropped their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently 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.