Hamilton Lane Incorporated (NASDAQ:HLNE) Stock Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 56.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,001 shares of the company’s stock after selling 5,166 shares during the quarter. Mackenzie Financial Corp’s holdings in Hamilton Lane were worth $454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC lifted its holdings in Hamilton Lane by 228.5% in the third quarter. FMR LLC now owns 61,672 shares of the company’s stock worth $5,578,000 after purchasing an additional 42,898 shares during the period. Barclays PLC boosted its holdings in shares of Hamilton Lane by 28.3% in the third quarter. Barclays PLC now owns 95,815 shares of the company’s stock valued at $8,665,000 after acquiring an additional 21,123 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Hamilton Lane during the third quarter valued at approximately $827,000. Loomis Sayles & Co. L P raised its holdings in Hamilton Lane by 0.7% during the third quarter. Loomis Sayles & Co. L P now owns 949,865 shares of the company’s stock worth $85,906,000 after purchasing an additional 6,920 shares in the last quarter. Finally, Argent Capital Management LLC acquired a new stake in Hamilton Lane in the third quarter worth approximately $263,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HLNE. JPMorgan Chase & Co. cut Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price target on the stock. in a research report on Thursday, April 11th. UBS Group upped their price target on shares of Hamilton Lane from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Morgan Stanley lifted their price objective on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Oppenheimer lowered shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 11th. Finally, Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.67.

Hamilton Lane Stock Performance

Shares of HLNE opened at $114.53 on Friday. The company has a 50-day moving average of $111.89 and a two-hundred day moving average of $105.57. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 35.24 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. Hamilton Lane Incorporated has a one year low of $62.86 and a one year high of $121.90.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.17). Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $130.47 million. During the same quarter last year, the company posted $0.43 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Hamilton Lane Incorporated will post 3.55 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.55%. Hamilton Lane’s dividend payout ratio is 54.77%.

Insider Activity

In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the completion of the sale, the insider now directly owns 480,015 shares of the company’s stock, valued at approximately $51,841,620. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.82% of the stock is currently owned by corporate insiders.

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.