Jennison Associates LLC Has $16.13 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Jennison Associates LLC decreased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,207 shares of the company's stock after selling 6,774 shares during the period. Jennison Associates LLC owned approximately 0.26% of Hamilton Lane worth $16,132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Hamilton Lane during the 4th quarter worth approximately $142,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Hamilton Lane by 11.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company's stock worth $146,000 after acquiring an additional 168 shares in the last quarter. CI Investments Inc. purchased a new stake in shares of Hamilton Lane during the 3rd quarter worth approximately $155,000. Ziegler Capital Management LLC purchased a new stake in shares of Hamilton Lane during the 3rd quarter worth approximately $202,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Hamilton Lane during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Up 1.0 %

NASDAQ HLNE traded up $1.15 during trading hours on Friday, hitting $114.53. The company had a trading volume of 160,552 shares, compared to its average volume of 250,285. Hamilton Lane Incorporated has a fifty-two week low of $62.86 and a fifty-two week high of $121.90. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 35.24 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. The firm's 50 day moving average is $111.89 and its 200 day moving average is $105.57.

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

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. Hamilton Lane's dividend payout ratio is presently 54.77%.

Insider Activity

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the transaction, the insider now owns 480,015 shares of the company's stock, valued at $51,841,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HLNE. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 11th. Wells Fargo & Company upped their target price on Hamilton Lane from $106.00 to $111.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lowered Hamilton Lane from an "overweight" rating to a "neutral" rating and set a $115.00 target price on the stock. in a research note on Thursday, April 11th. 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 note on Wednesday, January 24th. Finally, UBS Group increased their price target on Hamilton Lane from $118.00 to $120.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane presently has a consensus rating of "Hold" and a consensus target price of $109.67.

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.