Hamilton Lane Inc. (NASDAQ:HLNE) Stake Lowered 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 reduced its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,320 shares of the company's stock after selling 3,324 shares during the quarter. Polen Capital Management LLC owned about 0.09% of Hamilton Lane worth $7,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in Hamilton Lane by 252.0% in the first 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 purchased a new position in Hamilton Lane in the first quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Hamilton Lane in the first quarter valued at about $33,000. Covestor Ltd raised its position in Hamilton Lane by 375.9% in 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. Finally, Kapitalo Investimentos Ltda purchased a new position in Hamilton Lane in the fourth quarter valued at about $65,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HLNE has been the topic of several research reports. Wells Fargo & Company raised their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Morgan Stanley cut their price objective 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. JPMorgan Chase & Co. cut their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Hamilton Lane presently has an average rating of "Hold" and an average price target of $163.14.

Hamilton Lane Stock Down 1.3%

Shares of NASDAQ:HLNE traded down $1.99 during trading on Monday, hitting $152.55. The company's stock had a trading volume of 311,770 shares, compared to its average volume of 405,942. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. Hamilton Lane Inc. has a fifty-two week low of $124.10 and a fifty-two week high of $203.72. The stock's 50-day moving average price is $148.67 and its two-hundred day moving average price is $151.58. The company has a market capitalization of $8.17 billion, a PE ratio of 29.34 and a beta of 1.23.

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

Hamilton Lane Dividend Announcement

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

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.