KBC Group NV Sells 22,192 Shares of Hamilton Lane Inc. (NASDAQ:HLNE)

KBC Group NV lessened its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 92.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,840 shares of the company's stock after selling 22,192 shares during the period. KBC Group NV's holdings in Hamilton Lane were worth $274,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after purchasing an additional 61 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Hamilton Lane by 0.7% in the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company's stock valued at $1,653,000 after purchasing an additional 80 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Hamilton Lane by 6.0% in the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock valued at $270,000 after purchasing an additional 103 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Hamilton Lane by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock worth $801,000 after acquiring an additional 108 shares during the period. Finally, Summit Investment Advisors Inc. lifted its holdings in Hamilton Lane by 0.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company's stock worth $1,813,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HLNE shares. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Morgan Stanley reduced their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Keefe, Bruyette & Woods reduced 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. Wall Street Zen cut Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. reduced 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. Two equities research 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, the company currently has an average rating of "Hold" and a consensus price target of $164.29.

Hamilton Lane Trading Up 1.3%

Shares of NASDAQ HLNE traded up $1.90 during midday trading on Tuesday, reaching $148.00. The company had a trading volume of 98,609 shares, compared to its average volume of 509,938. Hamilton Lane Inc. has a one year low of $123.98 and a one year high of $203.72. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31. The firm's fifty day moving average price is $153.97 and its 200-day moving average price is $150.98. The stock has a market cap of $7.93 billion, a PE ratio of 27.46 and a beta of 1.22.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $165.49 million. During the same quarter in the previous year, the company posted $1.38 EPS. Hamilton Lane's revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 20th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, June 20th. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's payout ratio is 40.07%.

Hamilton Lane Company 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.