FIL Ltd Sells 50,604 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

FIL Ltd cut its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,446 shares of the company's stock after selling 50,604 shares during the quarter. FIL Ltd owned 0.31% of Hamilton Lane worth $25,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. FMR LLC boosted 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 in the last quarter. HighTower Advisors LLC bought a new stake in shares of Hamilton Lane in the 3rd quarter valued at $291,000. Integrated Wealth Concepts LLC boosted its stake in Hamilton Lane by 6.3% during the third quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company's stock worth $303,000 after acquiring an additional 106 shares in the last quarter. Stifel Financial Corp grew its holdings in Hamilton Lane by 7.6% in the third quarter. Stifel Financial Corp now owns 40,527 shares of the company's stock worth $6,824,000 after purchasing an additional 2,867 shares during the period. Finally, State Street Corp increased its stake in Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company's stock valued at $236,516,000 after purchasing an additional 489,557 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HLNE. Wells Fargo & Company decreased their target price on 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. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. Morgan Stanley reduced 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 report on Monday. Keefe, Bruyette & Woods lifted their price target 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. Finally, Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a research report on Tuesday, January 21st. 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. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and a consensus target price of $165.29.

Hamilton Lane Stock Performance

Shares of HLNE traded down $3.88 during trading hours on Wednesday, hitting $137.47. The company's stock had a trading volume of 206,904 shares, compared to its average volume of 540,474. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 25.36 and a beta of 1.32. 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 business has a 50 day simple moving average of $148.59 and a two-hundred day simple moving average of $163.10. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. During the same period in the prior year, the business posted $0.71 earnings per share. The company's revenue was up 34.3% on a year-over-year basis. On average, 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 declared 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 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is currently 36.16%.

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.