Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 488,164 shares of the company's stock after selling 122,923 shares during the quarter. Principal Financial Group Inc. owned 0.90% of Hamilton Lane worth $55,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI raised its stake in Hamilton Lane by 25.1% during the 4th quarter. National Bank of Canada FI now owns 65,319 shares of the company's stock valued at $7,062,000 after acquiring an additional 13,104 shares in the last quarter. FMR LLC raised its stake in Hamilton Lane by 228.5% during the 3rd quarter. FMR LLC now owns 61,672 shares of the company's stock valued at $5,578,000 after acquiring an additional 42,898 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Hamilton Lane by 3.2% in the 4th quarter. Natixis Advisors L.P. now owns 13,506 shares of the company's stock worth $1,532,000 after buying an additional 417 shares in the last quarter. Barclays PLC raised its stake in shares of Hamilton Lane by 28.3% in the 3rd quarter. Barclays PLC now owns 95,815 shares of the company's stock worth $8,665,000 after buying an additional 21,123 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of Hamilton Lane during the third quarter worth $803,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. downgraded Hamilton Lane from an "overweight" rating to a "neutral" rating and set a $115.00 price target on the stock. in a report on Thursday, April 11th. Morgan Stanley lifted their price target on Hamilton Lane from $102.00 to $126.00 and gave the company an "equal weight" rating in a report on Wednesday, January 24th. Wells Fargo & Company lifted their price target on Hamilton Lane from $106.00 to $111.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Finally, UBS Group lifted their price target on Hamilton Lane from $118.00 to $120.00 and gave the company a "neutral" rating in a report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $109.67.

Hamilton Lane Stock Performance

Hamilton Lane stock traded down $0.24 during trading hours on Thursday, hitting $117.75. The stock had a trading volume of 168,509 shares, compared to its average volume of 245,514. The company has a 50-day moving average of $111.85 and a two-hundred day moving average of $108.80. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.36 billion, a PE ratio of 36.30 and a beta of 1.16. Hamilton Lane Incorporated has a fifty-two week low of $62.86 and a fifty-two week high of $121.90.

Hamilton Lane Announces Dividend

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

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 480,015 shares in the company, valued at approximately $51,841,620. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 26.82% of the company's stock.

Hamilton Lane 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.