FourThought Financial Partners LLC Sells 193 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

FourThought Financial Partners LLC trimmed its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,966 shares of the company’s stock after selling 193 shares during the period. FourThought Financial Partners LLC’s holdings in Hamilton Lane were worth $735,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HLNE. Louisiana State Employees Retirement System acquired a new position in Hamilton Lane during the 3rd quarter worth $1,886,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hamilton Lane by 120.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,900 shares of the company’s stock valued at $1,317,000 after acquiring an additional 4,315 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Hamilton Lane in the third quarter worth about $791,000. New York State Teachers Retirement System bought a new stake in Hamilton Lane during the 3rd quarter worth about $1,010,000. Finally, US Bancorp DE lifted its position in Hamilton Lane by 399.2% during the 3rd quarter. US Bancorp DE now owns 1,892 shares of the company’s stock valued at $319,000 after purchasing an additional 1,513 shares during the period. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on HLNE. Morgan Stanley boosted their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company raised their price target on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $173.14.

Hamilton Lane Stock Up 0.5 %

NASDAQ:HLNE opened at $153.98 on Wednesday. Hamilton Lane Incorporated has a 1 year low of $103.42 and a 1 year high of $203.72. The stock has a 50-day moving average price of $153.81 and a two-hundred day moving average price of $164.87. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 28.41 and a beta of 1.25. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. Hamilton Lane’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. As a group, equities analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. 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.