Artemis Investment Management LLP Sells 86,459 Shares of Hamilton Lane Inc. (NASDAQ:HLNE)

Artemis Investment Management LLP decreased its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 42.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,540 shares of the company's stock after selling 86,459 shares during the period. Artemis Investment Management LLP owned approximately 0.21% of Hamilton Lane worth $17,623,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after purchasing an additional 126 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Hamilton Lane in the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after acquiring an additional 61 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after acquiring an additional 221 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $65,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Up 1.2%

HLNE stock opened at $144.24 on Friday. Hamilton Lane Inc. has a twelve month low of $118.08 and a twelve month high of $203.72. The stock has a market cap of $7.72 billion, a P/E ratio of 26.76 and a beta of 1.25. The business's 50-day moving average price is $153.57 and its 200-day moving average price is $152.05. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.01. The firm had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 earnings per share. On average, equities research analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.50%. This is an increase from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date is Friday, June 20th. Hamilton Lane's payout ratio is presently 40.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley decreased their price target 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. Keefe, Bruyette & Woods decreased their target price on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research report on Monday, June 2nd. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Finally, Wall Street Zen lowered Hamilton Lane from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and a consensus target price of $164.29.

About Hamilton Lane

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.