Loomis Sayles & Co. L P Sells 162,896 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Loomis Sayles & Co. L P lessened its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 622,405 shares of the company's stock after selling 162,896 shares during the quarter. Loomis Sayles & Co. L P owned 1.12% of Hamilton Lane worth $92,147,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HLNE. Charles Schwab Investment Management Inc. grew its position in Hamilton Lane by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 348,406 shares of the company's stock valued at $58,668,000 after buying an additional 31,197 shares during the period. Citigroup Inc. grew its position in shares of Hamilton Lane by 133.9% during the 3rd quarter. Citigroup Inc. now owns 34,370 shares of the company's stock valued at $5,788,000 after acquiring an additional 19,677 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Hamilton Lane in the 3rd quarter worth $127,000. Associated Banc Corp bought a new position in Hamilton Lane in the 3rd quarter worth $212,000. Finally, The Manufacturers Life Insurance Company lifted its position in Hamilton Lane by 102.5% during the third quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company's stock valued at $7,934,000 after purchasing an additional 23,854 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLNE. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Oppenheimer raised 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. Keefe, Bruyette & Woods raised 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. Finally, Wells Fargo & Company decreased their price target on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $170.71.

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Hamilton Lane Price Performance

Shares of HLNE traded down $0.79 during midday trading on Monday, hitting $146.29. 62,171 shares of the company traded hands, compared to its average volume of 393,318. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 26.94 and a beta of 1.28. The firm has a 50 day moving average of $153.94 and a 200-day moving average of $165.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 52 week low of $108.34 and a 52 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 analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same period in the prior year, the company earned $0.71 earnings per share. The firm's revenue was up 34.3% on a year-over-year basis. On average, analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

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 given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.

Hamilton Lane 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.