Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,452 shares of the company's stock after selling 36,586 shares during the period. Raymond James & Associates owned 0.27% of Hamilton Lane worth $16,840,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HLNE. Wellington Management Group LLP boosted its holdings in shares of Hamilton Lane by 13.8% during the 1st quarter. Wellington Management Group LLP now owns 4,119,730 shares of the company's stock valued at $318,414,000 after purchasing an additional 498,381 shares during the last quarter. Morgan Stanley increased its holdings in Hamilton Lane by 266.2% during the 4th quarter. Morgan Stanley now owns 663,960 shares of the company's stock worth $42,414,000 after purchasing an additional 482,663 shares during the period. Millennium Management LLC lifted its stake in Hamilton Lane by 1,742.2% in the fourth quarter. Millennium Management LLC now owns 505,028 shares of the company's stock worth $32,261,000 after acquiring an additional 477,614 shares during the period. Norges Bank purchased a new position in Hamilton Lane during the fourth quarter valued at approximately $22,674,000. Finally, BlackRock Inc. grew its stake in Hamilton Lane by 7.2% in the second quarter. BlackRock Inc. now owns 3,101,085 shares of the company's stock valued at $248,025,000 after purchasing an additional 209,371 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the completion of the sale, the insider now owns 480,015 shares of the company's stock, valued at $51,841,620. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 26.82% of the stock is currently owned by corporate insiders.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $0.70 during trading on Tuesday, reaching $110.59. The company's stock had a trading volume of 197,019 shares, compared to its average volume of 262,026. The business's fifty day moving average price is $113.23 and its 200-day moving average price is $102.95. Hamilton Lane Incorporated has a twelve month low of $62.86 and a twelve month high of $121.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 34.03 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.17). Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The company had revenue of $125.26 million for the quarter, compared to analyst estimates of $130.47 million. During the same period in the previous year, the business posted $0.43 earnings per share. The firm's revenue was down 1.4% compared to the same quarter last year. As a group, analysts anticipate that Hamilton Lane Incorporated will post 3.55 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Friday, March 15th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Thursday, March 14th. Hamilton Lane's dividend payout ratio is presently 54.77%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HLNE shares. Morgan Stanley upped their target price on Hamilton Lane from $102.00 to $126.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 24th. Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, January 11th. Finally, Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Hamilton Lane currently has a consensus rating of "Hold" and an average target price of $102.33.

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.