Copeland Capital Management LLC Sells 18,698 Shares of Hamilton Lane Inc. (NASDAQ:HLNE)

Copeland Capital Management LLC lowered its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 764,889 shares of the company's stock after selling 18,698 shares during the period. Hamilton Lane makes up approximately 2.3% of Copeland Capital Management LLC's holdings, making the stock its 3rd biggest position. Copeland Capital Management LLC owned about 1.38% of Hamilton Lane worth $113,716,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $191,321,000 after purchasing an additional 900,283 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after buying an additional 863,326 shares during the last quarter. Norges Bank acquired a new position in shares of Hamilton Lane during the fourth quarter worth approximately $68,909,000. Invesco Ltd. boosted its position in shares of Hamilton Lane by 25.3% in the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after acquiring an additional 388,019 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Hamilton Lane in the fourth quarter worth $24,081,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock traded up $2.67 during trading on Tuesday, hitting $144.79. 543,773 shares of the company's stock traded hands, compared to its average volume of 508,297. The company has a market cap of $7.75 billion, a PE ratio of 26.86 and a beta of 1.25. The firm's fifty day moving average price is $153.92 and its 200 day moving average price is $151.36. Hamilton Lane Inc. has a twelve month low of $120.86 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 4.83.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The company had revenue of $197.97 million for the quarter, compared to the consensus estimate of $165.49 million. During the same period in the previous year, the business earned $1.38 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. Analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.49%. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date is Friday, June 20th. Hamilton Lane's dividend payout ratio is 40.07%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Keefe, Bruyette & Woods cut their price objective on shares of 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 reduced their target price on shares of Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. JPMorgan Chase & Co. decreased 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. Finally, Morgan Stanley cut their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $164.29.

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.