Hamilton Lane Incorporated (NASDAQ:HLNE) Stake Decreased by US Bancorp DE

US Bancorp DE lessened its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,627 shares of the company’s stock after selling 265 shares during the quarter. US Bancorp DE’s holdings in Hamilton Lane were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane during the 3rd quarter valued at $111,000. Harvest Fund Management Co. Ltd bought a new position in shares of Hamilton Lane during the 3rd quarter worth about $127,000. KBC Group NV increased its stake in Hamilton Lane by 18.0% in the third quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after acquiring an additional 174 shares during the period. Associated Banc Corp bought a new stake in Hamilton Lane in the third quarter valued at about $212,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Hamilton Lane in the third quarter valued at about $217,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HLNE shares. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. One 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’s stock. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average target price of $173.14.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $142.56 on Friday. The firm has a 50-day moving average of $153.04 and a 200-day moving average of $164.90. The company has a market cap of $7.90 billion, a P/E ratio of 26.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a one year low of $105.16 and a one year high of $203.72.

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 analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. Equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal 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 $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio 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.