Hamilton Lane Incorporated (NASDAQ:HLNE) Stock Position Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 10.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 45,008 shares of the company’s stock after selling 5,416 shares during the period. Teacher Retirement System of Texas’ holdings in Hamilton Lane were worth $6,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLNE. Victory Capital Management Inc. grew its holdings in shares of Hamilton Lane by 15.7% during the third quarter. Victory Capital Management Inc. now owns 10,667 shares of the company’s stock valued at $1,796,000 after buying an additional 1,451 shares in the last quarter. Pathstone Holdings LLC boosted its position in Hamilton Lane by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 24,227 shares of the company’s stock worth $4,080,000 after acquiring an additional 108 shares during the period. Intech Investment Management LLC purchased a new position in Hamilton Lane during the 3rd quarter valued at about $1,683,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Hamilton Lane by 4.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 333,027 shares of the company’s stock valued at $56,078,000 after purchasing an additional 15,582 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Hamilton Lane by 9.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 348,406 shares of the company’s stock worth $58,668,000 after purchasing an additional 31,197 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Trading Up 1.0 %

Hamilton Lane stock opened at $150.64 on Monday. Hamilton Lane Incorporated has a one year low of $107.22 and a one year high of $203.72. The company’s fifty day moving average price is $153.10 and its two-hundred day moving average price is $164.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 27.79 and a beta of 1.28.

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. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the prior year, the company posted $0.71 EPS. The firm’s revenue was up 34.3% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio is 36.16%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research note on Tuesday, January 21st. 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 note on Thursday. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. One equities 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.