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

Massachusetts Financial Services Co. MA lowered its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 41.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 0.28% of Hamilton Lane worth $23,205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HLNE. MassMutual Private Wealth & Trust FSB raised its holdings in Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after acquiring an additional 126 shares in the last quarter. Versant Capital Management Inc bought a new position in Hamilton Lane during the 1st quarter worth $30,000. Farther Finance Advisors LLC grew its holdings in Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after acquiring an additional 221 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Hamilton Lane in the 4th quarter valued at about $65,000. Finally, UMB Bank n.a. lifted its position in Hamilton Lane by 270.3% in the 1st 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. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded up $2.40 during midday trading on Tuesday, reaching $154.27. 448,392 shares of the company were exchanged, compared to its average volume of 515,916. 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 1 year low of $123.98 and a 1 year high of $203.72. The stock has a fifty day simple moving average of $152.67 and a 200 day simple moving average of $151.06. The stock has a market cap of $8.26 billion, a P/E ratio of 28.62 and a beta of 1.22.

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

Hamilton Lane Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Morgan Stanley dropped their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Wall Street Zen downgraded shares of Hamilton Lane from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research note on Monday, June 2nd. Two equities research analysts have 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 stock currently has an average rating of "Hold" and an average target price of $164.43.

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.