Russell Investments Group Ltd. Sells 8,295 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Russell Investments Group Ltd. cut its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,259 shares of the company’s stock after selling 8,295 shares during the period. Russell Investments Group Ltd.’s holdings in Hamilton Lane were worth $10,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Hamilton Lane by 228.5% in the 3rd quarter. FMR LLC now owns 61,672 shares of the company’s stock worth $5,578,000 after acquiring an additional 42,898 shares in the last quarter. Barclays PLC raised its position in shares of Hamilton Lane by 28.3% in the 3rd quarter. Barclays PLC now owns 95,815 shares of the company’s stock worth $8,665,000 after acquiring an additional 21,123 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Hamilton Lane in the 3rd quarter worth about $803,000. NBC Securities Inc. bought a new position in shares of Hamilton Lane in the 3rd quarter worth about $827,000. Finally, Loomis Sayles & Co. L P raised its position in shares of Hamilton Lane by 0.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 949,865 shares of the company’s stock worth $85,906,000 after acquiring an additional 6,920 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Insider Transactions at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the transaction, the insider now owns 480,015 shares in the company, valued at approximately $51,841,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 26.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HLNE. Oppenheimer lowered Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Wells Fargo & Company boosted their target price on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. UBS Group boosted their target price on Hamilton Lane from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. lowered Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 target price for the company. in a research report on Thursday, April 11th. Finally, Morgan Stanley boosted their target price on Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.67.

Hamilton Lane Price Performance

HLNE stock opened at $115.67 on Monday. The company has a market capitalization of $6.25 billion, a P/E ratio of 35.59 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. Hamilton Lane Incorporated has a 52-week low of $62.86 and a 52-week high of $121.90. The business has a 50-day simple moving average of $111.34 and a two-hundred day simple moving average of $107.00.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17). The company had revenue of $125.26 million for the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. Hamilton Lane’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Research analysts expect that Hamilton Lane Incorporated will post 3.53 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.54%. Hamilton Lane’s dividend payout ratio (DPR) is currently 54.77%.

Hamilton Lane Company 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.