Fiera Capital Corp Reduces Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Fiera Capital Corp lessened its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,912 shares of the company’s stock after selling 6,399 shares during the quarter. Fiera Capital Corp’s holdings in Hamilton Lane were worth $40,701,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. CWM LLC increased its stake in shares of Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after acquiring an additional 100 shares during the period. Icon Wealth Advisors LLC purchased a new stake in Hamilton Lane in the third quarter valued at $111,000. Harvest Fund Management Co. Ltd acquired a new stake in Hamilton Lane during the 3rd quarter worth about $127,000. KBC Group NV grew its position in Hamilton Lane by 18.0% during the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock worth $192,000 after purchasing an additional 174 shares during the period. Finally, Associated Banc Corp purchased a new position in shares of Hamilton Lane during the 3rd quarter valued at about $212,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Down 1.7 %

NASDAQ:HLNE opened at $153.87 on Thursday. Hamilton Lane Incorporated has a 52 week low of $103.42 and a 52 week high of $203.72. The company has a quick ratio of 3.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $157.09 and its two-hundred day moving average is $163.50. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 28.39 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last issued 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 business had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. Research analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given 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 is presently 36.16%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley upped their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. UBS Group increased their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Oppenheimer raised 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. upped their target price 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 shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $173.14.

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.