Los Angeles Capital Management LLC Sells 2,356 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Los Angeles Capital Management LLC decreased its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,034 shares of the company’s stock after selling 2,356 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.05% of Hamilton Lane worth $3,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC bought a new stake in Hamilton Lane during the fourth quarter worth approximately $48,000. International Assets Investment Management LLC bought a new stake in shares of Hamilton Lane during the 4th quarter worth $142,000. Nomura Asset Management Co. Ltd. grew its stake in Hamilton Lane by 11.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock valued at $146,000 after buying an additional 168 shares during the last quarter. CI Investments Inc. bought a new position in Hamilton Lane in the 3rd quarter worth $155,000. Finally, Pathstone Family Office LLC acquired a new position in Hamilton Lane during the 3rd quarter worth $202,000. Institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the sale, the insider now directly owns 480,015 shares in the company, valued at approximately $51,841,620. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 26.82% of the company’s stock.

Analysts Set New Price Targets

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

Hamilton Lane Stock Up 1.9 %

Shares of HLNE opened at $117.81 on Tuesday. Hamilton Lane Incorporated has a 12 month low of $62.86 and a 12 month high of $121.90. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 36.25 and a beta of 1.16. The company has a 50-day moving average price of $111.36 and a two-hundred day moving average price of $107.25. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $130.47 million. During the same quarter last year, the company earned $0.43 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Equities analysts predict that Hamilton Lane Incorporated will post 3.53 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a $0.445 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. Hamilton Lane’s dividend payout ratio (DPR) is presently 54.77%.

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.