Clearbridge Investments LLC Sells 171,160 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Clearbridge Investments LLC reduced its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 16.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 890,610 shares of the company’s stock after selling 171,160 shares during the quarter. Clearbridge Investments LLC’s holdings in Hamilton Lane were worth $131,855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System grew its stake in Hamilton Lane by 29.2% during the 4th quarter. California Public Employees Retirement System now owns 51,510 shares of the company’s stock worth $7,626,000 after buying an additional 11,649 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Hamilton Lane during the fourth quarter worth about $12,487,000. Orion Portfolio Solutions LLC increased its holdings in shares of Hamilton Lane by 7.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,080 shares of the company’s stock valued at $2,381,000 after acquiring an additional 1,179 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Hamilton Lane by 2.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company’s stock valued at $801,000 after purchasing an additional 108 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Hamilton Lane by 567.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,444 shares of the company’s stock valued at $510,000 after purchasing an additional 2,928 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. Wells Fargo & Company dropped their price target on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Stock Down 2.5 %

Hamilton Lane stock opened at $147.08 on Monday. The business’s 50-day moving average price is $153.94 and its 200 day moving average price is $165.09. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 27.14 and a beta of 1.28. Hamilton Lane Incorporated has a 52 week low of $108.34 and a 52 week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.33%. Hamilton Lane’s dividend payout ratio is presently 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.