Russell Investments Group Ltd. Trims Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Russell Investments Group Ltd. decreased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,259 shares of the company's stock after selling 8,295 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Hamilton Lane worth $10,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Hamilton Lane during the fourth quarter valued at $48,000. International Assets Investment Management LLC bought a new position in Hamilton Lane during the 4th quarter worth $142,000. Nomura Asset Management Co. Ltd. lifted its holdings in 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 buying an additional 168 shares during the period. CI Investments Inc. bought a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $155,000. Finally, Pathstone Family Office LLC acquired a new stake in shares of Hamilton Lane in the third quarter valued at about $202,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 1.9 %

Shares of HLNE traded up $2.14 during trading hours on Monday, hitting $117.81. The stock had a trading volume of 97,823 shares, compared to its average volume of 243,636. Hamilton Lane Incorporated has a 1-year low of $62.86 and a 1-year high of $121.90. The firm has a market capitalization of $6.36 billion, a P/E ratio of 36.25 and a beta of 1.16. The firm has a 50 day simple moving average of $111.36 and a 200-day simple moving average of $107.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.17). Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The firm had revenue of $125.26 million during the quarter, compared to analyst estimates of $130.47 million. During the same period last year, the business posted $0.43 EPS. The company's revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that Hamilton Lane Incorporated will post 3.53 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is 54.77%.

Analyst Ratings Changes

Several brokerages recently commented on HLNE. 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 report on Wednesday, February 7th. Morgan Stanley lifted their target price on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 24th. UBS Group upped their price target on shares of Hamilton Lane from $118.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, April 12th. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 11th. Finally, 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 report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of "Hold" and an average price target of $109.67.

Insider Transactions at Hamilton Lane

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

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.