Kornitzer Capital Management Inc. KS Cuts Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Kornitzer Capital Management Inc. KS lowered its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,698 shares of the company's stock after selling 5,000 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.19% of Hamilton Lane worth $15,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company's stock worth $293,509,000 after buying an additional 413,015 shares in the last quarter. State Street Corp increased its position in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after purchasing an additional 489,557 shares in the last quarter. Geode Capital Management LLC raised its stake in Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company's stock valued at $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in Hamilton Lane by 0.8% in the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company's stock valued at $145,388,000 after purchasing an additional 7,106 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after purchasing an additional 97,924 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Trading Down 3.7 %

HLNE traded down $5.80 during trading hours on Friday, reaching $151.46. The company's stock had a trading volume of 641,616 shares, compared to its average volume of 501,427. The business's 50-day moving average is $154.28 and its 200-day moving average is $164.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market cap of $8.40 billion, a PE ratio of 27.94 and a beta of 1.25. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company's quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HLNE shares. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. Morgan Stanley upped their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods lifted 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. Finally, Oppenheimer raised 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 analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $173.14.

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.