Sherbrooke Park Advisers LLC Acquires Shares of 3,170 Hamilton Lane Incorporated (NASDAQ:HLNE)

Sherbrooke Park Advisers LLC bought a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,170 shares of the company's stock, valued at approximately $469,000.

Several other hedge funds have also recently made changes to their positions in HLNE. Silvercrest Asset Management Group LLC grew its stake in Hamilton Lane by 5.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 119,540 shares of the company's stock valued at $17,698,000 after buying an additional 5,801 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Hamilton Lane in the 4th quarter valued at $1,196,000. ProShare Advisors LLC lifted its position in Hamilton Lane by 41.5% in the fourth quarter. ProShare Advisors LLC now owns 12,772 shares of the company's stock valued at $1,891,000 after purchasing an additional 3,745 shares during the last quarter. Man Group plc lifted its position in Hamilton Lane by 75.3% in the fourth quarter. Man Group plc now owns 50,743 shares of the company's stock valued at $7,513,000 after purchasing an additional 21,789 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in Hamilton Lane during the 4th quarter valued at about $819,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $2.82 on Tuesday, reaching $169.70. 524,393 shares of the stock were exchanged, compared to its average volume of 437,574. Hamilton Lane Incorporated has a one year low of $114.85 and a one year high of $203.72. The firm has a market capitalization of $9.41 billion, a PE ratio of 31.31 and a beta of 1.31. The company's 50-day simple moving average is $150.47 and its two-hundred day simple moving average is $159.61. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio is currently 36.16%.

Analyst Ratings Changes

HLNE has been the topic of a number of research reports. Morgan Stanley cut their target price 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. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wells Fargo & Company lowered their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $164.14.

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.