Segall Bryant & Hamill LLC Reduces Holdings in Hamilton Lane Inc. (NASDAQ:HLNE)

Segall Bryant & Hamill LLC lowered its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,795 shares of the company's stock after selling 2,452 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.16% of Hamilton Lane worth $12,904,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in HLNE. GAMMA Investing LLC boosted its holdings in Hamilton Lane by 65.8% during the first quarter. GAMMA Investing LLC now owns 920 shares of the company's stock valued at $137,000 after acquiring an additional 365 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Hamilton Lane in the 1st quarter valued at $225,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Hamilton Lane by 12.5% in the 1st 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Hamilton Lane by 6.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock worth $508,000 after buying an additional 212 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in Hamilton Lane by 11.3% during the 1st quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock worth $1,172,000 after buying an additional 800 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Trading Down 2.8%

Shares of Hamilton Lane stock traded down $4.46 during trading on Friday, reaching $154.64. The company's stock had a trading volume of 432,445 shares, compared to its average volume of 516,246. Hamilton Lane Inc. has a 52-week low of $123.98 and a 52-week high of $203.72. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 28.69 and a beta of 1.22. The firm's 50-day moving average is $152.67 and its two-hundred day moving average is $151.06. 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 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 analysts' expectations of $165.49 million. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 EPS. On average, sell-side analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.40%. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, June 20th. Hamilton Lane's dividend payout ratio (DPR) is presently 40.07%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HLNE shares. Morgan Stanley lowered their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. decreased their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $164.43.

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.