Deutsche Bank AG Cuts Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Deutsche Bank AG lessened its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,601 shares of the company's stock after selling 7,484 shares during the period. Deutsche Bank AG owned about 0.06% of Hamilton Lane worth $4,975,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Hamilton Lane by 28.4% during the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after purchasing an additional 863,326 shares during the period. Invesco Ltd. increased its holdings in Hamilton Lane by 25.3% during the 4th quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after purchasing an additional 388,019 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after purchasing an additional 900,283 shares during the period. Geode Capital Management LLC increased its holdings in Hamilton Lane by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock valued at $170,280,000 after purchasing an additional 44,865 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Hamilton Lane by 10.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company's stock valued at $115,533,000 after purchasing an additional 70,976 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 0.9%

Shares of HLNE traded up $1.55 during mid-day trading on Friday, reaching $165.41. The company had a trading volume of 401,644 shares, compared to its average volume of 438,850. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The firm has a 50-day moving average price of $151.64 and a 200 day moving average price of $159.19. Hamilton Lane Incorporated has a 52 week low of $114.85 and a 52 week high of $203.72. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 30.52 and a beta of 1.31.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.18%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HLNE shares. JPMorgan Chase & Co. reduced their price target on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company lifted their price objective on Hamilton Lane from $147.00 to $166.00 and gave the company an "equal weight" rating in a research report on Friday. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Morgan Stanley cut their price objective 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and a consensus target price of $166.86.

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.