Hamilton Lane Inc. (NASDAQ:HLNE) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC decreased its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 764,889 shares of the company's stock after selling 18,698 shares during the quarter. Hamilton Lane comprises 2.3% of Copeland Capital Management LLC's holdings, making the stock its 3rd largest holding. Copeland Capital Management LLC owned approximately 1.38% of Hamilton Lane worth $113,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hamilton Lane by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company's stock valued at $1,437,000 after acquiring an additional 1,084 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Hamilton Lane during the first quarter valued at about $904,000. Bessemer Group Inc. increased its position in shares of Hamilton Lane by 6.8% during the first quarter. Bessemer Group Inc. now owns 173,490 shares of the company's stock valued at $25,793,000 after acquiring an additional 11,103 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Hamilton Lane by 7.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 40,552 shares of the company's stock valued at $6,029,000 after acquiring an additional 2,875 shares during the last quarter. Finally, Praxis Investment Management Inc. acquired a new stake in shares of Hamilton Lane during the first quarter valued at about $223,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $0.10 during trading hours on Friday, hitting $144.14. The company had a trading volume of 6,419,561 shares, compared to its average volume of 507,522. The business has a 50 day moving average of $153.70 and a 200-day moving average of $151.69. The company has a market cap of $7.72 billion, a PE ratio of 26.74 and a beta of 1.25. Hamilton Lane Inc. has a 1-year low of $120.86 and a 1-year high of $203.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.83 and a current ratio of 4.83.

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

Hamilton Lane Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods decreased their price target 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 cut their price objective on Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Morgan Stanley reduced their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and an average 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.