Hamilton Lane Incorporated (NASDAQ:HLNE) Stock Position Trimmed by National Bank of Canada FI

National Bank of Canada FI lowered its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 74.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,903 shares of the company's stock after selling 43,622 shares during the quarter. National Bank of Canada FI's holdings in Hamilton Lane were worth $2,209,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Hamilton Lane by 239.9% during the third quarter. FMR LLC now owns 5,557 shares of the company's stock worth $936,000 after purchasing an additional 3,922 shares during the period. HighTower Advisors LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at about $291,000. Integrated Wealth Concepts LLC increased its position in Hamilton Lane by 6.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company's stock worth $303,000 after purchasing an additional 106 shares in the last quarter. IHT Wealth Management LLC purchased a new position in Hamilton Lane in the third quarter valued at approximately $256,000. Finally, Stifel Financial Corp lifted its position in Hamilton Lane by 7.6% during the third quarter. Stifel Financial Corp now owns 40,527 shares of the company's stock valued at $6,824,000 after buying an additional 2,867 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

HLNE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on 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 lowered their price target on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective on the stock in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat, Hamilton Lane has an average rating of "Hold" and an average price target of $170.00.

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Hamilton Lane Stock Down 0.2 %

NASDAQ:HLNE traded down $0.33 during mid-day trading on Monday, reaching $136.88. The stock had a trading volume of 91,187 shares, compared to its average volume of 413,244. 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's 50 day simple moving average is $149.69 and its two-hundred day simple moving average is $163.43. Hamilton Lane Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 25.25 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm's revenue for the quarter was up 34.3% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. Equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.43%. Hamilton Lane's dividend payout ratio is currently 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.