Envestnet Asset Management Inc. Sells 10,003 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Envestnet Asset Management Inc. reduced its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 190,701 shares of the company’s stock after selling 10,003 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Hamilton Lane were worth $28,233,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its stake in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Hamilton Lane by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after purchasing an additional 65 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Hamilton Lane by 0.7% in the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock worth $1,653,000 after buying an additional 80 shares during the period. Lifestyle Asset Management Inc. raised its holdings in Hamilton Lane by 5.9% during the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after buying an additional 84 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Hamilton Lane by 6.0% during the 4th quarter. HighTower Advisors LLC now owns 1,824 shares of the company’s stock valued at $270,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HLNE shares. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. Finally, Oppenheimer raised 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 issued a buy rating to the stock. According to MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average target price of $170.00.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $137.21 on Friday. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 25.32 and a beta of 1.32. The stock’s 50 day simple moving average is $149.69 and its two-hundred day simple moving average is $163.46. 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 (NASDAQ:HLNE) last posted its quarterly earnings data 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 return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. As a group, analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane’s payout ratio is currently 36.16%.

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.