Envestnet Asset Management Inc. Has $28.23 Million Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Envestnet Asset Management Inc. trimmed its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,701 shares of the company's stock after selling 10,003 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of Hamilton Lane worth $28,233,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Aviva PLC raised its stake in shares of Hamilton Lane by 18.8% in the fourth quarter. Aviva PLC now owns 3,334 shares of the company's stock valued at $494,000 after acquiring an additional 527 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hamilton Lane in the 4th quarter valued at $651,000. Wells Fargo & Company MN lifted its position in Hamilton Lane by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 97,903 shares of the company's stock valued at $14,495,000 after acquiring an additional 606 shares during the last quarter. Islay Capital Management LLC grew its holdings in shares of Hamilton Lane by 7.5% during the fourth quarter. Islay Capital Management LLC now owns 5,112 shares of the company's stock worth $757,000 after purchasing an additional 355 shares during the last quarter. Finally, Bryce Point Capital LLC acquired a new position in Hamilton Lane during the fourth quarter worth approximately $441,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE traded up $2.68 on Friday, hitting $137.73. The company had a trading volume of 815,902 shares, compared to its average volume of 421,489. The company has a market cap of $7.64 billion, a PE ratio of 25.41 and a beta of 1.32. The business has a 50 day moving average of $147.37 and a 200 day moving average of $162.69. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72. 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 (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. 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 prior year, the company posted $0.71 EPS. The company's quarterly revenue was up 34.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted 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 report on Wednesday, February 5th. Morgan Stanley cut their price objective 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. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a research note 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.com, Hamilton Lane currently has a consensus rating of "Hold" and a consensus target price of $165.29.

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.