Sei Investments Co. Lowers Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Sei Investments Co. lowered its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,521 shares of the company’s stock after selling 27,182 shares during the quarter. Sei Investments Co. owned approximately 0.27% of Hamilton Lane worth $21,840,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC lifted its holdings in shares of 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 buying an additional 61 shares during the period. Farther Finance Advisors LLC lifted its stake in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after acquiring an additional 221 shares during the period. Icon Wealth Advisors LLC bought a new position in Hamilton Lane during the 3rd quarter worth about $111,000. Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane during the 3rd quarter valued at about $127,000. Finally, Associated Banc Corp purchased a new position in Hamilton Lane during the 3rd quarter valued at about $212,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HLNE. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Keefe, Bruyette & Woods lifted 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. Finally, 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 research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.71.

Hamilton Lane Price Performance

Shares of HLNE opened at $154.02 on Thursday. The company has a 50 day moving average of $153.98 and a two-hundred day moving average of $164.98. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 28.42 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a twelve month low of $108.34 and a twelve month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share 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 firm had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. During the same quarter last year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 34.3% on a year-over-year basis. As a group, analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio is currently 36.16%.

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.