Teacher Retirement System of Texas Cuts Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Teacher Retirement System of Texas decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,008 shares of the company's stock after selling 5,416 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Hamilton Lane worth $6,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLNE. Xponance Inc. raised its holdings in Hamilton Lane by 6.3% in the fourth quarter. Xponance Inc. now owns 5,662 shares of the company's stock worth $838,000 after purchasing an additional 335 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Hamilton Lane by 81.3% in the 4th quarter. Intech Investment Management LLC now owns 18,116 shares of the company's stock worth $2,682,000 after buying an additional 8,123 shares during the period. Cibc World Markets Corp bought a new position in shares of Hamilton Lane in the 4th quarter worth about $532,000. CBIZ Investment Advisory Services LLC boosted its stake in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after acquiring an additional 61 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in Hamilton Lane in the fourth quarter worth about $736,000. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HLNE has been the subject of several analyst reports. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. Wells Fargo & Company cut their price objective on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research note on Thursday, March 20th. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Hamilton Lane currently has an average rating of "Hold" and an average price target of $170.71.

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Hamilton Lane Stock Performance

HLNE traded down $3.21 during trading on Thursday, reaching $150.81. 357,341 shares of the company's stock were exchanged, compared to its average volume of 382,480. The company's fifty day simple moving average is $153.98 and its 200-day simple moving average is $164.98. The stock has a market capitalization of $8.36 billion, a P/E ratio of 27.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its 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 net margin of 31.12% and a return on equity of 36.69%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period in the prior year, the company posted $0.71 EPS. The company's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, research analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is 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.