Hamilton Lane Incorporated (NASDAQ:HLNE) Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 600,940 shares of the company's stock after selling 6,338 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.08% of Hamilton Lane worth $88,970,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after purchasing an additional 863,326 shares in the last quarter. Invesco Ltd. increased its stake in shares of Hamilton Lane by 25.3% in the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock worth $284,738,000 after buying an additional 388,019 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hamilton Lane by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock valued at $170,280,000 after acquiring an additional 44,865 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Hamilton Lane by 10.6% during the 4th quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company's stock valued at $102,140,000 after acquiring an additional 66,378 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after acquiring an additional 97,924 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HLNE. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Morgan Stanley decreased their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target on the stock. in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Hamilton Lane presently has an average rating of "Hold" and a consensus target price of $164.14.

Hamilton Lane Stock Performance

HLNE stock traded up $4.97 during mid-day trading on Friday, reaching $160.59. The company had a trading volume of 394,377 shares, compared to its average volume of 430,674. Hamilton Lane Incorporated has a one year low of $112.46 and a one year high of $203.72. The stock has a market capitalization of $8.90 billion, a P/E ratio of 29.63 and a beta of 1.31. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock's 50-day simple moving average is $145.48 and its two-hundred day simple moving average is $160.87.

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

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.22%. Hamilton Lane's payout ratio is 36.16%.

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.