FIL Ltd Has $25.53 Million Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

FIL Ltd cut its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 22.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 172,446 shares of the company’s stock after selling 50,604 shares during the quarter. FIL Ltd’s holdings in Hamilton Lane were worth $25,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its stake in shares of Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after acquiring an additional 61 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after purchasing an additional 221 shares in the last quarter. R Squared Ltd acquired a new position in shares of Hamilton Lane during the fourth quarter valued at about $213,000. Aigen Investment Management LP bought a new position in shares of Hamilton Lane during the 4th quarter worth about $221,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Hamilton Lane in the 4th quarter valued at about $222,000. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 6.1 %

NASDAQ HLNE opened at $138.07 on Friday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $7.65 billion, a P/E ratio of 25.47 and a beta of 1.32. The business has a fifty day simple moving average of $150.17 and a 200 day simple moving average of $163.66. Hamilton Lane Incorporated has a 12 month low of $108.34 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its 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. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced 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 was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.42%. Hamilton Lane’s payout ratio is presently 36.16%.

Wall Street Analysts Forecast Growth

HLNE has been the topic of a number of research reports. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research report on Monday, January 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Hamilton Lane has a consensus rating of “Hold” and a consensus target price of $170.00.

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.