IQ EQ FUND MANAGEMENT IRELAND Ltd Has $918,000 Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 15.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,200 shares of the company’s stock after selling 1,142 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Hamilton Lane were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC grew its position in Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after buying an additional 61 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after acquiring an additional 221 shares during the period. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane during the 3rd quarter worth $111,000. Harvest Fund Management Co. Ltd bought a new position in shares of Hamilton Lane in the third quarter worth $127,000. Finally, R Squared Ltd acquired a new position in Hamilton Lane in the fourth quarter valued at about $213,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $150.81 on Friday. The firm’s fifty day moving average price is $154.00 and its two-hundred day moving average price is $164.88. The stock has a market cap of $8.36 billion, a PE ratio of 27.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data 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. The business 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 quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, equities analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.30%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Analysts Set New Price Targets

Several research firms have commented on HLNE. Keefe, Bruyette & Woods raised their target price 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. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company cut 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. Finally, The Goldman Sachs Group lowered 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane 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.