Jane Street Group LLC Has $1.60 Million Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Jane Street Group LLC reduced its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 53.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in shares of 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 acquiring an additional 900,283 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 863,326 shares during the last quarter. Norges Bank bought a new stake in shares of Hamilton Lane during the 4th quarter valued at $68,909,000. Invesco Ltd. raised its position in shares of 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 acquiring an additional 388,019 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Hamilton Lane during the 4th quarter valued at $30,350,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $172.74 on Monday. Hamilton Lane Incorporated has a 52 week low of $114.85 and a 52 week high of $203.72. The company's 50 day moving average price is $149.24 and its two-hundred day moving average price is $159.59. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market cap of $9.58 billion, a P/E ratio of 31.87 and a beta of 1.31.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.13%. Hamilton Lane's payout ratio is 36.16%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several recent research reports. Wells Fargo & Company dropped their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, February 5th. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday. JPMorgan Chase & Co. lowered 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 report on Tuesday, April 29th. Finally, Morgan Stanley lowered their price objective on shares of 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. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $164.14.

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.

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