Wellington Management Group LLP Reduces Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Wellington Management Group LLP decreased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,613,863 shares of the company’s stock after selling 129,170 shares during the quarter. Wellington Management Group LLP’s holdings in Hamilton Lane were worth $238,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock worth $577,681,000 after purchasing an additional 863,326 shares during the period. State Street Corp boosted its holdings in Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after buying an additional 489,557 shares during the period. Geode Capital Management LLC grew its stake in Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after buying an additional 25,657 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Hamilton Lane by 10.6% during the 4th quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company’s stock valued at $102,140,000 after acquiring an additional 66,378 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after acquiring an additional 97,924 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their target price on shares of 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 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.71.

Hamilton Lane Trading Up 2.2 %

Shares of HLNE opened at $151.92 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72. The company has a market capitalization of $8.42 billion, a P/E ratio of 28.03 and a beta of 1.28. The firm’s 50 day simple moving average is $153.80 and its 200 day simple moving average is $165.07.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data 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. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. Sell-side analysts forecast that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.29%. Hamilton Lane’s dividend 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.