Fiera Capital Corp Sells 6,399 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Fiera Capital Corp reduced its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 274,912 shares of the company’s stock after selling 6,399 shares during the period. Fiera Capital Corp owned about 0.50% of Hamilton Lane worth $40,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its stake in Hamilton Lane by 46.8% in the fourth quarter. Van ECK Associates Corp now owns 37,069 shares of the company’s stock worth $5,488,000 after purchasing an additional 11,813 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Hamilton Lane by 34.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 76,656 shares of the company’s stock worth $11,349,000 after purchasing an additional 19,721 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Hamilton Lane by 3.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the company’s stock worth $1,717,000 after buying an additional 400 shares during the period. Kingsview Wealth Management LLC bought a new stake in Hamilton Lane during the 4th quarter valued at about $2,421,000. Finally, State of Alaska Department of Revenue boosted its position in Hamilton Lane by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock valued at $705,000 after buying an additional 65 shares during the period. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Trading Down 1.7 %

HLNE opened at $153.87 on Thursday. The company has a current ratio of 4.19, a quick ratio of 3.37 and a debt-to-equity ratio of 0.34. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 28.39 and a beta of 1.25. Hamilton Lane Incorporated has a 12 month low of $103.42 and a 12 month high of $203.72. The stock has a fifty day moving average price of $157.09 and a 200-day moving average price of $163.50.

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

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.27%. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

Wall Street Analysts Forecast Growth

HLNE has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Morgan Stanley lifted their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. Oppenheimer upgraded 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. Finally, UBS Group upped their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane has a consensus rating of “Hold” and a consensus price target of $173.14.

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.