Massachusetts Financial Services Co. MA Reduces Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Massachusetts Financial Services Co. MA cut its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 266,846 shares of the company's stock after selling 66,181 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.48% of Hamilton Lane worth $39,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of HLNE. FMR LLC raised its position 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 buying an additional 3,922 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Hamilton Lane in the third quarter valued at about $291,000. Janus Henderson Group PLC lifted its position in shares of Hamilton Lane by 30.2% during the third quarter. Janus Henderson Group PLC now owns 49,293 shares of the company's stock valued at $8,300,000 after purchasing an additional 11,445 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Hamilton Lane by 6.3% during the third quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company's stock worth $303,000 after purchasing an additional 106 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new stake in Hamilton Lane in the 3rd quarter worth about $256,000. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on HLNE shares. Wells Fargo & Company dropped their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group lowered 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. Finally, Oppenheimer upgraded 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Hamilton Lane has a consensus rating of "Hold" and a consensus price target of $170.00.

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Hamilton Lane Trading Down 8.3 %

NASDAQ:HLNE traded down $12.20 during trading hours on Thursday, reaching $134.89. The company's stock had a trading volume of 145,393 shares, compared to its average volume of 410,070. The firm has a 50-day simple moving average of $150.57 and a 200-day simple moving average of $163.86. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 25.10 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $158.86 million. During the same period last year, the company earned $0.71 EPS. Hamilton Lane's revenue for the quarter was up 34.3% compared to the same quarter last year. Research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) 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.