Massachusetts Financial Services Co. MA Has $39.51 Million Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Massachusetts Financial Services Co. MA cut its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 19.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 266,846 shares of the company’s stock after selling 66,181 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Hamilton Lane were worth $39,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CBIZ Investment Advisory Services LLC lifted its position in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Hamilton Lane during the 4th quarter valued at $213,000. Aigen Investment Management LP purchased a new position in shares of Hamilton Lane during the 4th quarter valued at $221,000. Finally, OLD National Bancorp IN acquired a new position in shares of Hamilton Lane in the fourth quarter worth $222,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

HLNE has been the topic of a number of recent research reports. Oppenheimer upgraded 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. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research note on Monday, January 6th. Finally, 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, March 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Stock Down 3.7 %

Shares of Hamilton Lane stock opened at $135.66 on Friday. Hamilton Lane Incorporated has a 12-month low of $108.34 and a 12-month high of $203.72. The stock has a market capitalization of $7.52 billion, a P/E ratio of 25.03 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $152.82 and a two-hundred day moving average price of $164.77.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business 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%. Hamilton Lane’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS. Equities analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.44%. Hamilton Lane’s payout ratio is presently 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.