Hamilton Lane Inc. (NASDAQ:HLNE) Shares Sold by Polen Capital Management LLC

Key Points

• Polen Capital Management LLC reduced its ownership in Hamilton Lane Inc. by 6.0% during the first quarter, leaving it with 52,320 shares valued at approximately $7.78 million.
• Analysts have issued mixed ratings for Hamilton Lane, with upgrades from firms like Wall Street Zen and target price adjustments from Morgan Stanley and others, resulting in a consensus rating of "Hold."
• The company recently announced a quarterly dividend of $0.54, with a dividend yield of 1.4%, reflecting a dividend payout ratio of 41.54%.

Polen Capital Management LLC decreased its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,320 shares of the company's stock after selling 3,324 shares during the period. Polen Capital Management LLC owned 0.09% of Hamilton Lane worth $7,778,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Covestor Ltd raised its position in Hamilton Lane by 375.9% during the first quarter. Covestor Ltd now owns 414 shares of the company's stock valued at $62,000 after purchasing an additional 327 shares during the period. Cynosure Group LLC raised its position in Hamilton Lane by 16.2% during the first quarter. Cynosure Group LLC now owns 2,307 shares of the company's stock valued at $343,000 after purchasing an additional 321 shares during the period. Townsquare Capital LLC raised its position in Hamilton Lane by 714.9% during the first quarter. Townsquare Capital LLC now owns 17,178 shares of the company's stock valued at $2,554,000 after purchasing an additional 15,070 shares during the period. National Bank of Canada FI raised its position in Hamilton Lane by 19.7% during the first quarter. National Bank of Canada FI now owns 17,836 shares of the company's stock valued at $2,651,000 after purchasing an additional 2,933 shares during the period. Finally, Swiss National Bank raised its position in Hamilton Lane by 1.6% during the first quarter. Swiss National Bank now owns 76,900 shares of the company's stock valued at $11,433,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HLNE. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. reduced their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, Hamilton Lane currently has an average rating of "Hold" and an average target price of $163.14.

Hamilton Lane Price Performance

NASDAQ HLNE traded down $3.48 during trading hours on Thursday, reaching $157.41. The company's stock had a trading volume of 190,599 shares, compared to its average volume of 569,395. The company's 50-day moving average is $149.09 and its two-hundred day moving average is $151.70. Hamilton Lane Inc. has a 1-year low of $124.10 and a 1-year high of $203.72. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 30.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.98 by $0.33. The firm had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 earnings per share. On average, equities analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 19th. Hamilton Lane's dividend payout ratio (DPR) is presently 41.54%.

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.