Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC cut its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 0.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 256,587 shares of the company’s stock after selling 2,152 shares during the period. Geneva Capital Management LLC owned approximately 0.46% of Hamilton Lane worth $37,988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Hamilton Lane in the 4th quarter valued at approximately $24,081,000. Arizona State Retirement System raised its position in shares of Hamilton Lane by 0.7% in the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after purchasing an additional 80 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Hamilton Lane in the 4th quarter valued at approximately $221,000. Assetmark Inc. raised its position in shares of Hamilton Lane by 8.8% in the 4th quarter. Assetmark Inc. now owns 10,022 shares of the company’s stock valued at $1,484,000 after purchasing an additional 814 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. raised its position in shares of Hamilton Lane by 56.1% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 5,114 shares of the company’s stock valued at $757,000 after purchasing an additional 1,837 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Morgan Stanley boosted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a 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 stock. According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and a consensus target price of $173.14.

Hamilton Lane Trading Up 4.1 %

NASDAQ:HLNE opened at $153.03 on Thursday. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 28.23 and a beta of 1.25. The business has a fifty day moving average of $153.93 and a 200-day moving average of $165.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results 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. The company had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. Equities analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.28%. Hamilton Lane’s dividend payout ratio is currently 36.16%.

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.