Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 266,846 shares of the company’s stock after selling 66,181 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.48% of Hamilton Lane worth $39,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HLNE. Vanguard Group Inc. increased its position in Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after acquiring an additional 863,326 shares during the period. Wellington Management Group LLP grew its stake in shares of Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after purchasing an additional 413,015 shares in the last quarter. State Street Corp increased its holdings in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after purchasing an additional 489,557 shares during the period. Geode Capital Management LLC raised its stake in shares of Hamilton Lane by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company’s stock valued at $170,280,000 after purchasing an additional 44,865 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Hamilton Lane by 10.6% in the fourth quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company’s stock worth $102,140,000 after purchasing an additional 66,378 shares during the period. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $135.66 on Friday. The stock has a market capitalization of $7.52 billion, a P/E ratio of 25.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The business’s fifty day moving average is $152.82 and its two-hundred day moving average is $164.77. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year 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. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane’s revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. On average, research analysts forecast 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 was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is currently 36.16%.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Hamilton Lane has an average rating of “Hold” and an average target price of $170.71.

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.