Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 15.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 147,521 shares of the company’s stock after selling 27,182 shares during the quarter. Sei Investments Co.’s holdings in Hamilton Lane were worth $21,840,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake 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 during the last quarter. Citigroup Inc. increased its holdings in Hamilton Lane by 133.9% in the 3rd quarter. Citigroup Inc. now owns 34,370 shares of the company’s stock worth $5,788,000 after buying an additional 19,677 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane during the 3rd quarter worth approximately $127,000. Associated Banc Corp acquired a new stake in Hamilton Lane during the 3rd quarter valued at approximately $212,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Hamilton Lane by 102.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 47,119 shares of the company’s stock valued at $7,934,000 after acquiring an additional 23,854 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. 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 report on Monday, January 6th. Wells Fargo & Company reduced their target price on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Finally, Oppenheimer raised shares of 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average target price of $170.71.

Hamilton Lane Stock Down 2.3 %

Shares of NASDAQ HLNE opened at $154.02 on Thursday. 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 business’s 50 day moving average is $153.98 and its two-hundred day moving average is $164.98. Hamilton Lane Incorporated has a 52-week low of $108.34 and a 52-week high of $203.72. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 28.42 and a beta of 1.28.

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, topping the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane’s revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. Research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is currently 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.