Nuveen Asset Management LLC Sells 31,787 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Nuveen Asset Management LLC lessened its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154,168 shares of the company's stock after selling 31,787 shares during the quarter. Nuveen Asset Management LLC owned 0.28% of Hamilton Lane worth $22,825,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HLNE. Vista Finance LLC bought a new stake in Hamilton Lane during the fourth quarter worth about $338,000. Kingsview Wealth Management LLC bought a new stake in Hamilton Lane during the fourth quarter worth about $2,421,000. State of Michigan Retirement System lifted its position in Hamilton Lane by 3.1% during the fourth quarter. State of Michigan Retirement System now owns 9,900 shares of the company's stock worth $1,466,000 after purchasing an additional 300 shares during the period. Crossmark Global Holdings Inc. lifted its position in Hamilton Lane by 41.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 2,513 shares of the company's stock worth $372,000 after purchasing an additional 741 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Hamilton Lane by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,957 shares of the company's stock worth $52,996,000 after purchasing an additional 9,551 shares during the period. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HLNE. Morgan Stanley cut 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. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company boosted their target price on Hamilton Lane from $147.00 to $166.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $166.86.

Hamilton Lane Trading Down 11.1%

Shares of Hamilton Lane stock traded down $19.39 on Thursday, hitting $156.10. The stock had a trading volume of 457,633 shares, compared to its average volume of 444,249. The stock has a 50 day moving average of $152.90 and a 200 day moving average of $158.99. Hamilton Lane Incorporated has a twelve month low of $114.85 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The firm has a market capitalization of $8.65 billion, a P/E ratio of 28.72 and a beta of 1.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. During the same period in the prior year, the company earned $1.38 earnings per share. Hamilton Lane's revenue was up 12.1% on a year-over-year basis. Sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 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.