Jane Street Group LLC Sells 12,372 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Jane Street Group LLC decreased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 53.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,780 shares of the company's stock after selling 12,372 shares during the quarter. Jane Street Group LLC's holdings in Hamilton Lane were worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLNE. Price T Rowe Associates Inc. MD boosted its holdings in Hamilton Lane by 229.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after purchasing an additional 900,283 shares during the last quarter. Vanguard Group Inc. raised its position in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after acquiring an additional 863,326 shares during the period. Norges Bank bought a new position in Hamilton Lane in the fourth quarter worth approximately $68,909,000. Invesco Ltd. grew its stake in Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after acquiring an additional 388,019 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in Hamilton Lane during the fourth quarter valued at $30,350,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of recent research reports. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $147.00 to $166.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Morgan Stanley dropped their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $166.86.

Hamilton Lane Trading Up 0.9%

Shares of HLNE stock traded up $1.55 during trading hours on Friday, reaching $165.41. 401,644 shares of the stock were exchanged, compared to its average volume of 438,850. Hamilton Lane Incorporated has a 12-month low of $114.85 and a 12-month high of $203.72. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $151.64 and its 200-day moving average price is $159.19. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 30.52 and a beta of 1.31.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.18%. Hamilton Lane's payout ratio is 36.16%.

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.