Wealth Enhancement Advisory Services LLC Sells 372 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Wealth Enhancement Advisory Services LLC lowered its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 10.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,202 shares of the company’s stock after selling 372 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Hamilton Lane were worth $474,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Hamilton Lane by 6.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,978 shares of the company’s stock valued at $14,654,000 after purchasing an additional 6,223 shares during the period. Voloridge Investment Management LLC acquired a new stake in shares of Hamilton Lane during the fourth quarter worth $13,491,000. Squarepoint Ops LLC acquired a new stake in shares of Hamilton Lane during the fourth quarter worth $1,167,000. Twinbeech Capital LP bought a new stake in shares of Hamilton Lane in the fourth quarter valued at about $10,766,000. Finally, Tidal Investments LLC grew its stake in shares of Hamilton Lane by 10.8% in the fourth quarter. Tidal Investments LLC now owns 6,275 shares of the company’s stock valued at $929,000 after acquiring an additional 612 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

HLNE has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating for the company in a research note on Monday, June 2nd. JPMorgan Chase & Co. dropped their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Morgan Stanley cut their price target on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Wall Street Zen lowered Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Finally, Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $164.29.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $146.49 on Friday. Hamilton Lane Incorporated has a 52 week low of $114.85 and a 52 week high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a fifty day moving average of $153.30 and a 200-day moving average of $155.52. The stock has a market capitalization of $7.84 billion, a P/E ratio of 27.03 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $197.97 million for the quarter, compared to the consensus estimate of $165.49 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS. On average, sell-side analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, June 20th. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.49. Hamilton Lane’s payout ratio is presently 40.07%.

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.