Segall Bryant & Hamill LLC Decreases Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Segall Bryant & Hamill LLC lowered its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,247 shares of the company's stock after selling 21,782 shares during the quarter. Segall Bryant & Hamill LLC owned 0.16% of Hamilton Lane worth $13,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Hamilton Lane by 27.0% in the 4th 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 raised its position in Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after purchasing an additional 221 shares during the period. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the 3rd quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $127,000. Finally, Associated Banc Corp bought a new position in shares of Hamilton Lane during the 3rd quarter valued at approximately $212,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Trading Down 2.5 %

HLNE traded down $3.73 on Friday, reaching $147.08. 381,833 shares of the company traded hands, compared to its average volume of 394,625. The company has a market cap of $8.15 billion, a P/E ratio of 27.14 and a beta of 1.28. 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 Incorporated has a one year low of $108.34 and a one year high of $203.72. The firm has a fifty day simple moving average of $153.94 and a two-hundred day simple moving average of $165.09.

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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 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 net margin of 31.12% and a return on equity of 36.69%. The company's revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. As a group, equities research analysts expect 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 will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio is 36.16%.

Analyst Ratings Changes

HLNE has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on 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. Keefe, Bruyette & Woods raised 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. 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 report on Tuesday, January 21st. Finally, The Goldman Sachs Group downgraded shares of 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average 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.