Public Employees Retirement System of Ohio Decreases Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Public Employees Retirement System of Ohio reduced its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,706 shares of the company's stock after selling 4,677 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Hamilton Lane worth $4,842,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its position in shares of Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after buying an additional 61 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after purchasing an additional 221 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $65,000. R Squared Ltd purchased a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $213,000. Finally, Aigen Investment Management LP bought a new stake in shares of Hamilton Lane in the 4th quarter worth approximately $221,000. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HLNE. Wells Fargo & Company reduced their price objective on Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their price target on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Keefe, Bruyette & Woods lowered their price target on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research report on Monday. 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. Finally, Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $164.29.

Hamilton Lane Stock Down 0.0%

Shares of HLNE stock traded down $0.04 during mid-day trading on Monday, hitting $148.96. The company's stock had a trading volume of 770,081 shares, compared to its average volume of 455,448. Hamilton Lane Incorporated has a 52-week low of $114.85 and a 52-week high of $203.72. The business has a 50-day moving average price of $152.65 and a 200 day moving average price of $157.58. 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 stock has a market cap of $8.26 billion, a price-to-earnings ratio of 27.48 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 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $197.97 million during the quarter, compared to the consensus estimate of $165.49 million. During the same period last year, the company earned $1.38 EPS. Hamilton Lane's revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be paid a $0.54 dividend. The ex-dividend date is Friday, June 20th. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.45%. Hamilton Lane's payout ratio is currently 40.07%.

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.