Mariner LLC Sells 121 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Mariner LLC cut its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,600 shares of the company’s stock after selling 121 shares during the quarter. Mariner LLC’s holdings in Hamilton Lane were worth $385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC increased its holdings in Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after purchasing an additional 221 shares in the last quarter. R Squared Ltd bought a new position in Hamilton Lane in the 4th quarter valued at approximately $213,000. Aigen Investment Management LP acquired a new position in shares of Hamilton Lane during the fourth quarter worth $221,000. Finally, OLD National Bancorp IN acquired a new position in Hamilton Lane during the 4th quarter worth about $222,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. 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 decreased their price objective on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $164.14.

Hamilton Lane Price Performance

HLNE opened at $160.59 on Friday. The firm has a 50-day moving average price of $145.61 and a 200-day moving average price of $160.64. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 29.63 and a beta of 1.31. Hamilton Lane Incorporated has a twelve month low of $114.25 and a twelve month high of $203.72. 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 (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm’s revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Equities analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.22%. 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.