Hamilton Lane Incorporated (NASDAQ:HLNE) Stake Lowered by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG reduced its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,485 shares of the company’s stock after selling 5,211 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Hamilton Lane were worth $3,033,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Hamilton Lane by 239.9% during the third quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after acquiring an additional 3,922 shares during the last quarter. Retirement Systems of Alabama acquired a new position in Hamilton Lane during the 3rd quarter valued at about $8,291,000. Teachers Retirement System of The State of Kentucky grew its position in Hamilton Lane by 41.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock worth $3,522,000 after purchasing an additional 6,178 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Hamilton Lane by 8.8% in the third quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company’s stock valued at $6,744,000 after purchasing an additional 3,223 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after buying an additional 25,657 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Up 2.2 %

Shares of Hamilton Lane stock opened at $151.92 on Wednesday. Hamilton Lane Incorporated has a 12-month low of $108.34 and a 12-month high of $203.72. The firm has a market capitalization of $8.42 billion, a PE ratio of 28.03 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $153.80 and its 200-day moving average is $165.07.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. Equities analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio is 36.16%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HLNE. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.71.

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.