Millennium Management LLC Sells 3,833 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Millennium Management LLC trimmed its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 69.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,711 shares of the company's stock after selling 3,833 shares during the period. Millennium Management LLC's holdings in Hamilton Lane were worth $253,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC increased its position in shares of Hamilton Lane by 27.0% during 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 during the period. Farther Finance Advisors LLC boosted its stake in Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after buying an additional 221 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Hamilton Lane in the 4th quarter valued at $65,000. Aigen Investment Management LP bought a new stake in Hamilton Lane in the 4th quarter valued at $221,000. Finally, Shelton Capital Management acquired a new position in shares of Hamilton Lane in the 4th quarter valued at $226,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Price Performance

Hamilton Lane stock traded down $0.85 during trading hours on Thursday, hitting $146.49. 855,171 shares of the stock were exchanged, compared to its average volume of 469,595. The stock has a market capitalization of $7.84 billion, a P/E ratio of 27.03 and a beta of 1.25. The business's 50-day moving average is $153.06 and its two-hundred day moving average is $155.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a 12 month low of $114.85 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $197.97 million for the quarter, compared to analysts' expectations of $165.49 million. During the same quarter in the prior year, the business earned $1.38 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.54 per share. This is an increase from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date is Friday, June 20th. This represents a $2.16 annualized dividend and a yield of 1.47%. Hamilton Lane's dividend payout ratio is currently 40.07%.

Wall Street Analysts Forecast Growth

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