BNP Paribas Financial Markets Lowers Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

BNP Paribas Financial Markets lowered its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 50.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,750 shares of the company’s stock after selling 20,300 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hamilton Lane were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC boosted its holdings in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after acquiring an additional 61 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Hamilton Lane by 283.3% in the fourth 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 last quarter. Kapitalo Investimentos Ltda acquired a new position in Hamilton Lane in the fourth quarter valued at $65,000. R Squared Ltd acquired a new position in Hamilton Lane in the fourth quarter valued at $213,000. Finally, Aigen Investment Management LP acquired a new position in Hamilton Lane in the fourth quarter valued at $221,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HLNE. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley reduced their price objective on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $164.14.

Hamilton Lane Stock Down 2.7%

Shares of NASDAQ HLNE opened at $170.11 on Friday. Hamilton Lane Incorporated has a 1 year low of $114.85 and a 1 year high of $203.72. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 31.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock’s 50-day simple moving average is $148.58 and its 200-day simple moving average is $159.96.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane’s payout ratio is 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.