Massachusetts Financial Services Co. MA Sells 110,761 Shares of Hamilton Lane Inc. (NASDAQ:HLNE)

Massachusetts Financial Services Co. MA reduced its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 41.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 156,085 shares of the company's stock after selling 110,761 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.28% of Hamilton Lane worth $23,205,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB increased its position in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after purchasing an additional 126 shares during the period. Versant Capital Management Inc bought a new position in shares of Hamilton Lane during the 1st quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its stake in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Hamilton Lane during the fourth quarter valued at $65,000. Finally, UMB Bank n.a. raised its holdings in shares of Hamilton Lane by 270.3% in the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock valued at $70,000 after acquiring an additional 346 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $4.46 on Friday, reaching $154.64. 432,445 shares of the stock were exchanged, compared to its average volume of 516,246. The firm has a market capitalization of $8.28 billion, a PE ratio of 28.69 and a beta of 1.22. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. Hamilton Lane Inc. has a one year low of $123.98 and a one year high of $203.72. The company's 50-day simple moving average is $152.67 and its two-hundred day simple moving average is $151.05.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The business had revenue of $197.97 million during the quarter, compared to analyst estimates of $165.49 million. During the same period in the prior year, the firm posted $1.38 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. Analysts expect that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

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

Wall Street Analyst Weigh In

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