BNP Paribas Financial Markets Decreases Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

BNP Paribas Financial Markets decreased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,750 shares of the company's stock after selling 20,300 shares during the quarter. BNP Paribas Financial Markets' holdings in Hamilton Lane were worth $2,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HLNE. Price T Rowe Associates Inc. MD raised its holdings in Hamilton Lane by 229.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after acquiring an additional 900,283 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after purchasing an additional 863,326 shares in the last quarter. Norges Bank purchased a new stake in shares of Hamilton Lane during the 4th quarter worth $68,909,000. Invesco Ltd. grew its stake in shares of Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock worth $284,738,000 after purchasing an additional 388,019 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in Hamilton Lane in the fourth quarter valued at $30,350,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE traded down $4.66 during midday trading on Wednesday, hitting $165.04. 42,767 shares of the stock were exchanged, compared to its average volume of 436,044. The stock has a market cap of $9.15 billion, a P/E ratio of 30.47 and a beta of 1.31. Hamilton Lane Incorporated has a twelve month low of $114.85 and a twelve month high of $203.72. The company has a 50 day moving average price of $150.47 and a 200-day moving average price of $159.61. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.19%. Hamilton Lane's dividend payout ratio is presently 36.16%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HLNE. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company decreased their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their price objective on 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. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of "Hold" and an average price target of $164.14.

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.