Handelsbanken Fonder AB Sells 1,800 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Handelsbanken Fonder AB reduced its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,600 shares of the company's stock after selling 1,800 shares during the period. Handelsbanken Fonder AB's holdings in Hamilton Lane were worth $1,421,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HLNE. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $111,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Hamilton Lane in the third quarter valued at $127,000. KBC Group NV boosted its holdings in Hamilton Lane by 18.0% during the third quarter. KBC Group NV now owns 1,141 shares of the company's stock worth $192,000 after buying an additional 174 shares in the last quarter. Associated Banc Corp purchased a new position in Hamilton Lane in the 3rd quarter worth about $212,000. Finally, R Squared Ltd acquired a new stake in Hamilton Lane during the 4th quarter valued at $213,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 3.1 %

Shares of HLNE stock traded up $4.67 on Friday, hitting $156.32. 621,524 shares of the stock were exchanged, compared to its average volume of 508,360. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The business has a 50-day moving average of $153.95 and a 200 day moving average of $165.02. The firm has a market capitalization of $8.67 billion, a P/E ratio of 28.84 and a beta of 1.25.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. During the same period in the prior year, the firm earned $0.71 EPS. Hamilton Lane's quarterly revenue was up 34.3% compared to the same quarter last year. Equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.25%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Wall Street Analyst Weigh In

HLNE has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" 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 research note on Tuesday, January 21st. The Goldman Sachs Group cut shares of 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. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $173.14.

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.