Blair William & Co. IL Lowers Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Blair William & Co. IL decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,429 shares of the company’s stock after selling 1,170 shares during the quarter. Blair William & Co. IL owned 0.06% of Hamilton Lane worth $5,245,000 as of its most recent SEC filing.

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

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $147.08 on Monday. The stock’s 50-day simple moving average is $153.94 and its 200-day simple moving average is $165.09. 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 firm has a market capitalization of $8.15 billion, a PE ratio of 27.14 and a beta of 1.28. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping 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 business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s revenue was up 34.3% compared to the same quarter last year. As a group, equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed 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 is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.33%. Hamilton Lane’s dividend payout ratio is presently 36.16%.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company cut their price target on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Finally, Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. One 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.