Wasatch Advisors LP Sells 231,207 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Wasatch Advisors LP cut its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 11.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705,793 shares of the company's stock after selling 231,207 shares during the quarter. Hamilton Lane comprises approximately 1.3% of Wasatch Advisors LP's portfolio, making the stock its 24th biggest position. Wasatch Advisors LP owned approximately 3.08% of Hamilton Lane worth $252,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its position in shares of Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company's stock valued at $936,000 after purchasing an additional 3,922 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Hamilton Lane in the 3rd quarter worth approximately $291,000. XTX Topco Ltd boosted its holdings in Hamilton Lane by 13.9% in the 3rd quarter. XTX Topco Ltd now owns 2,128 shares of the company's stock worth $358,000 after buying an additional 259 shares during the last quarter. Barclays PLC raised its holdings in 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 acquiring an additional 112,866 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Hamilton Lane during the 3rd quarter valued at about $310,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company decreased 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 research report on Tuesday, April 8th. Morgan Stanley cut their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, February 5th. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. 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 assigned a buy rating to the company. According to MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and an average price target of $165.29.

Hamilton Lane Stock Down 4.3 %

HLNE traded down $5.97 during trading on Monday, hitting $131.76. 86,098 shares of the company's stock were exchanged, compared to its average volume of 421,681. Hamilton Lane Incorporated has a fifty-two week low of $109.84 and a fifty-two week high of $203.72. 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's 50 day moving average is $147.00 and its two-hundred day moving average is $162.38. The stock has a market cap of $7.30 billion, a P/E ratio of 24.31 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data 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 for the quarter was up 34.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. As a group, equities analysts expect 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 was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was 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.