Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. trimmed its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 18.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 613,615 shares of the company's stock after selling 138,274 shares during the period. Hamilton Lane accounts for approximately 2.7% of Van Berkom & Associates Inc.'s portfolio, making the stock its 12th largest position. Van Berkom & Associates Inc. owned about 1.11% of Hamilton Lane worth $90,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alberta Investment Management Corp lifted its stake in shares of Hamilton Lane by 12.9% in the fourth quarter. Alberta Investment Management Corp now owns 28,855 shares of the company's stock valued at $4,272,000 after purchasing an additional 3,294 shares during the period. TimesSquare Capital Management LLC grew its stake in Hamilton Lane by 26.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 315,468 shares of the company's stock valued at $46,705,000 after acquiring an additional 65,308 shares during the last quarter. New York State Common Retirement Fund grew its stake in Hamilton Lane by 3.3% in the 4th quarter. New York State Common Retirement Fund now owns 136,568 shares of the company's stock valued at $20,219,000 after acquiring an additional 4,413 shares during the last quarter. Vista Finance LLC acquired a new position in Hamilton Lane during the fourth quarter worth about $338,000. Finally, Rhumbline Advisers lifted its holdings in shares of Hamilton Lane by 3.5% in the fourth quarter. Rhumbline Advisers now owns 122,718 shares of the company's stock valued at $18,168,000 after purchasing an additional 4,176 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

HLNE has been the topic of a number of recent research reports. 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 note on Monday, January 6th. Keefe, Bruyette & Woods boosted 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 note on Wednesday, February 5th. Morgan Stanley upped their price target on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Hamilton Lane has a consensus rating of "Hold" and an average target price of $173.14.

Hamilton Lane Stock Down 0.3 %

HLNE stock traded down $0.44 during trading on Tuesday, reaching $152.70. The stock had a trading volume of 210,557 shares, compared to its average volume of 500,865. 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 firm has a fifty day moving average price of $153.99 and a 200 day moving average price of $164.75. The company has a market capitalization of $8.47 billion, a P/E ratio of 28.17 and a beta of 1.25. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company's revenue was up 34.3% compared to the same quarter last year. On average, equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.28%. 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.