Sierra Capital LLC Has $2.56 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Sierra Capital LLC lessened its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 23.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,284 shares of the company's stock after selling 5,434 shares during the quarter. Sierra Capital LLC's holdings in Hamilton Lane were worth $2,559,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HLNE. State Street Corp raised its stake 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 buying an additional 489,557 shares during the last quarter. Wellington Management Group LLP grew its holdings 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 acquiring an additional 413,015 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Hamilton Lane during the 4th quarter valued at $30,350,000. Barclays PLC lifted its stake in shares of Hamilton Lane by 84.5% in the 3rd quarter. Barclays PLC now owns 246,383 shares of the company's stock valued at $41,488,000 after purchasing an additional 112,866 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Hamilton Lane by 20.2% in 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 own 97.40% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HLNE shares. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price target 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. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Wells Fargo & Company increased their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group cut shares of 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $173.14.

Hamilton Lane Stock Up 3.1 %

Shares of HLNE stock traded up $4.67 during trading hours on Friday, hitting $156.32. 621,524 shares of the company were exchanged, compared to its average volume of 508,360. Hamilton Lane Incorporated has a 52 week low of $103.42 and a 52 week high of $203.72. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $153.84 and a two-hundred day moving average of $164.70. The company has a market capitalization of $8.67 billion, a PE ratio of 28.84 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million during 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 company's revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, March 14th. Hamilton Lane's payout ratio is 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.