Wellington Management Group LLP Sells 129,170 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Wellington Management Group LLP reduced its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,613,863 shares of the company's stock after selling 129,170 shares during the quarter. Wellington Management Group LLP owned 2.91% of Hamilton Lane worth $238,932,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. California Public Employees Retirement System raised its holdings in Hamilton Lane by 29.2% during the 4th quarter. California Public Employees Retirement System now owns 51,510 shares of the company's stock worth $7,626,000 after buying an additional 11,649 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Hamilton Lane during the fourth quarter worth $12,487,000. Orion Portfolio Solutions LLC raised its holdings in shares of Hamilton Lane by 7.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,080 shares of the company's stock worth $2,381,000 after acquiring an additional 1,179 shares during the period. Pictet Asset Management Holding SA lifted its position in Hamilton Lane by 2.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock valued at $801,000 after acquiring an additional 108 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Hamilton Lane by 567.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,444 shares of the company's stock worth $510,000 after purchasing an additional 2,928 shares during the period. Institutional investors own 97.40% of the company's stock.

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Hamilton Lane Stock Performance

Hamilton Lane stock traded down $5.23 during midday trading on Friday, reaching $135.66. The stock had a trading volume of 1,098,402 shares, compared to its average volume of 401,678. The firm has a market capitalization of $7.52 billion, a PE ratio of 25.03 and a beta of 1.28. Hamilton Lane Incorporated has a 12 month low of $108.34 and a 12 month high of $203.72. The firm's 50-day moving average price is $152.82 and its 200 day moving average price is $164.81. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

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

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is presently 36.16%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HLNE shares. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company dropped their target price on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $170.71.

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.