Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Blair William & Co. IL

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

Several other hedge funds and other institutional investors also recently bought and sold shares of HLNE. JPMorgan Chase & Co. boosted its stake in shares of Hamilton Lane by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company’s stock worth $102,140,000 after buying an additional 66,378 shares during the period. Artisan Partners Limited Partnership lifted its position in Hamilton Lane by 5.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 263,643 shares of the company’s stock worth $39,032,000 after acquiring an additional 14,054 shares during the period. Florida Financial Advisors LLC lifted its position in Hamilton Lane by 44.7% during the 4th quarter. Florida Financial Advisors LLC now owns 2,731 shares of the company’s stock worth $404,000 after acquiring an additional 844 shares during the period. EFG Asset Management North America Corp. grew its stake in shares of Hamilton Lane by 1.6% in the 4th quarter. EFG Asset Management North America Corp. now owns 18,814 shares of the company’s stock valued at $2,787,000 after purchasing an additional 294 shares during the last quarter. Finally, Congress Wealth Management LLC DE increased its holdings in shares of Hamilton Lane by 3.2% in the fourth quarter. Congress Wealth Management LLC DE now owns 3,986 shares of the company’s stock valued at $590,000 after purchasing an additional 123 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HLNE shares. Keefe, Bruyette & Woods lifted their price objective 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. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th. One 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $147.08 on Monday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. The firm’s fifty day simple moving average is $153.94 and its 200-day simple moving average is $165.09. The stock has a market cap of $8.15 billion, a PE ratio of 27.14 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results 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. The company had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s revenue for the quarter 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. Analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

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.