Citigroup Inc. Sells 47,304 Shares of Hamilton Lane Inc. $HLNE

Citigroup Inc. reduced its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 27.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,038 shares of the company’s stock after selling 47,304 shares during the period. Citigroup Inc. owned 0.22% of Hamilton Lane worth $16,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLNE. Cornerstone Planning Group LLC grew its stake in Hamilton Lane by 347.7% during the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after purchasing an additional 153 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Hamilton Lane by 920.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after buying an additional 184 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after buying an additional 95 shares during the period. First Horizon Corp acquired a new stake in shares of Hamilton Lane during the 3rd quarter worth approximately $31,000. Finally, Global Retirement Partners LLC increased its stake in shares of Hamilton Lane by 126.4% in the 3rd quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock valued at $43,000 after acquiring an additional 177 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Trading Down 2.9%

HLNE opened at $104.94 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. Hamilton Lane Inc. has a fifty-two week low of $98.00 and a fifty-two week high of $179.19. The firm has a market capitalization of $5.85 billion, a PE ratio of 18.84 and a beta of 1.30. The company’s 50-day moving average is $135.39 and its 200 day moving average is $134.55.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. The business had revenue of $198.59 million during the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. As a group, research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s dividend payout ratio is presently 38.78%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HLNE shares. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Morgan Stanley set a $159.00 price objective on shares of Hamilton Lane in a research report on Tuesday, January 27th. UBS Group decreased their target price on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their price target on Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $169.00.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.