Hamilton Lane Incorporated (NASDAQ:HLNE) Holdings Decreased by Bank of America Corp DE

Bank of America Corp DE lessened its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,659 shares of the company's stock after selling 44,357 shares during the quarter. Bank of America Corp DE owned approximately 0.62% of Hamilton Lane worth $50,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC grew its position in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after acquiring an additional 61 shares in the last quarter. Farther Finance Advisors LLC grew its position in 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 in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Hamilton Lane in the fourth quarter valued at approximately $65,000. R Squared Ltd acquired a new stake in Hamilton Lane in the fourth quarter valued at approximately $213,000. Finally, Aigen Investment Management LP acquired a new stake in Hamilton Lane in the fourth quarter valued at approximately $221,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

HLNE traded up $2.63 during trading hours on Friday, hitting $172.74. 387,017 shares of the stock were exchanged, compared to its average volume of 436,236. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 31.87 and a beta of 1.31. Hamilton Lane Incorporated has a 12 month low of $114.85 and a 12 month high of $203.72. The stock has a 50-day simple moving average of $149.24 and a 200-day simple moving average of $159.89.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, March 14th. Hamilton Lane's payout ratio is 36.16%.

Analyst Ratings Changes

Several research firms have recently commented on HLNE. Keefe, Bruyette & Woods increased their target price on 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 reduced their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company reduced their target price on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and an average price target of $164.14.

Hamilton Lane Company 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.