Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,247 shares of the company’s stock after selling 21,782 shares during the period. Segall Bryant & Hamill LLC owned about 0.16% of Hamilton Lane worth $13,213,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Congress Wealth Management LLC DE lifted its position in shares of Hamilton Lane by 3.2% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,986 shares of the company’s stock valued at $590,000 after buying an additional 123 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after purchasing an additional 863,326 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Hamilton Lane in the fourth quarter valued at about $232,000. LPL Financial LLC increased its stake in shares of Hamilton Lane by 27.2% during the fourth quarter. LPL Financial LLC now owns 9,816 shares of the company’s stock worth $1,453,000 after purchasing an additional 2,101 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Hamilton Lane in the 4th quarter valued at about $1,173,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HLNE. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their target price 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. 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 report on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $157.61 on Wednesday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market cap of $8.74 billion, a P/E ratio of 29.08 and a beta of 1.28. The company has a 50-day moving average price of $153.79 and a 200 day moving average price of $165.06. Hamilton Lane Incorporated has a 12-month low of $107.40 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) 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 business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter last year, the firm earned $0.71 EPS. The business’s revenue was up 34.3% compared to the same quarter last year. Sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 1.24%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

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.