Lord Abbett & CO. LLC Trims Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Lord Abbett & CO. LLC lessened its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,886 shares of the company's stock after selling 51,980 shares during the period. Lord Abbett & CO. LLC owned 0.52% of Hamilton Lane worth $42,474,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of HLNE. CBIZ Investment Advisory Services LLC increased its holdings in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after buying an additional 221 shares in the last quarter. R Squared Ltd bought a new stake in shares of Hamilton Lane during the 4th quarter worth $213,000. Aigen Investment Management LP purchased a new position in shares of Hamilton Lane in the 4th quarter worth about $221,000. Finally, OLD National Bancorp IN bought a new position in Hamilton Lane during the fourth quarter valued at about $222,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 1.8 %

NASDAQ HLNE traded up $2.74 on Thursday, hitting $157.23. The stock had a trading volume of 114,089 shares, compared to its average volume of 429,012. The business's fifty day moving average price is $145.43 and its 200 day moving average price is $161.02. Hamilton Lane Incorporated has a 52-week low of $110.90 and a 52-week high of $203.72. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 29.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the previous year, the company earned $0.71 earnings per share. The firm's revenue for the quarter was up 34.3% on a year-over-year basis. Equities research analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.25%. Hamilton Lane's dividend payout ratio is currently 36.16%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HLNE. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.