Sei Investments Co. Has $21.84 Million Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Sei Investments Co. reduced its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 147,521 shares of the company's stock after selling 27,182 shares during the quarter. Sei Investments Co. owned about 0.27% of Hamilton Lane worth $21,840,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC boosted its stake in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Hamilton Lane by 283.3% in the fourth 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. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the third quarter valued at approximately $111,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Hamilton Lane in the third quarter worth $127,000. Finally, Associated Banc Corp bought a new position in Hamilton Lane during the third quarter worth $212,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HLNE shares. Keefe, Bruyette & Woods raised their price target 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. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their price target on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $170.71.

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Hamilton Lane Price Performance

HLNE traded down $3.73 during midday trading on Friday, reaching $147.08. 381,833 shares of the company's stock were exchanged, compared to its average volume of 394,625. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $153.94 and a two-hundred day simple moving average of $165.09. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 27.14 and a beta of 1.28. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter last year, the company earned $0.71 EPS. Hamilton Lane's revenue was up 34.3% on a year-over-year basis. As a group, research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 1.33%. Hamilton Lane's dividend payout ratio is presently 36.16%.

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.