Russell Investments Group Ltd. trimmed its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,383 shares of the company's stock after selling 9,636 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Hamilton Lane worth $11,457,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted 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 worth $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after acquiring an additional 221 shares during the period. R Squared Ltd purchased a new stake in shares of Hamilton Lane during the 4th quarter worth approximately $213,000. Aigen Investment Management LP purchased a new position in Hamilton Lane in the fourth quarter valued at approximately $221,000. Finally, OLD National Bancorp IN bought a new position in Hamilton Lane during the fourth quarter valued at $222,000. 97.40% of the stock is currently owned by institutional investors.
Hamilton Lane Price Performance
Shares of HLNE traded down $3.08 during trading hours on Wednesday, reaching $138.27. 99,438 shares of the company's stock traded hands, compared to its average volume of 414,799. 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 firm's 50 day simple moving average is $148.59 and its 200-day simple moving average is $163.10. The stock has a market cap of $7.67 billion, a PE ratio of 25.56 and a beta of 1.32. Hamilton Lane Incorporated has a 12 month low of $108.34 and a 12 month high of $203.72.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $158.86 million. During the same quarter last year, the company posted $0.71 EPS. The business's quarterly revenue was up 34.3% on a year-over-year basis. Equities analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.
Hamilton Lane Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.42%. Hamilton Lane's dividend payout ratio (DPR) is currently 36.16%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Morgan Stanley dropped 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. 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 research note on Tuesday, January 21st. 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 note on Wednesday, February 5th. Wells Fargo & Company dropped their target price on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $165.29.
Read Our Latest Analysis on HLNE
About Hamilton Lane
(
Free Report)
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.
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