Russell Investments Group Ltd. Has $10.81 Million Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Russell Investments Group Ltd. trimmed its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,259 shares of the company’s stock after selling 8,295 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Hamilton Lane worth $10,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HLNE. Envestnet Asset Management Inc. grew its stake in Hamilton Lane by 40.1% in the third quarter. Envestnet Asset Management Inc. now owns 196,029 shares of the company’s stock valued at $17,729,000 after acquiring an additional 56,115 shares during the period. FMR LLC grew its stake in Hamilton Lane by 228.5% in the third quarter. FMR LLC now owns 61,672 shares of the company’s stock valued at $5,578,000 after acquiring an additional 42,898 shares during the period. Fiera Capital Corp acquired a new position in Hamilton Lane in the third quarter valued at about $3,256,000. ClariVest Asset Management LLC acquired a new position in Hamilton Lane in the third quarter valued at about $2,827,000. Finally, Richard Bernstein Advisors LLC acquired a new position in Hamilton Lane in the third quarter valued at about $2,774,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $115.67 on Monday. The stock has a 50 day moving average price of $111.34 and a 200 day moving average price of $107.00. Hamilton Lane Incorporated has a 52 week low of $62.86 and a 52 week high of $121.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. The stock has a market capitalization of $6.25 billion, a PE ratio of 35.59 and a beta of 1.16.

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 company had revenue of $125.26 million for the quarter, compared to analyst estimates of $130.47 million. During the same period last year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts predict that Hamilton Lane Incorporated will post 3.53 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 annualized dividend and a yield of 1.54%. Hamilton Lane’s dividend payout ratio (DPR) is presently 54.77%.

Wall Street Analyst Weigh In

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

Insider Activity at Hamilton Lane

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 480,015 shares in the company, valued at $51,841,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 26.82% of the company’s stock.

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.