Van Berkom & Associates Inc. Cuts Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Van Berkom & Associates Inc. lessened its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 18.4% during the 4th quarter, Holdings Channel reports. The firm owned 613,615 shares of the company’s stock after selling 138,274 shares during the period. Hamilton Lane comprises about 2.7% of Van Berkom & Associates Inc.’s portfolio, making the stock its 12th biggest holding. Van Berkom & Associates Inc.’s holdings in Hamilton Lane were worth $90,846,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in shares of Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock valued at $705,000 after buying an additional 65 shares during the last quarter. Lifestyle Asset Management Inc. grew its stake in Hamilton Lane by 5.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after acquiring an additional 84 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in Hamilton Lane by 0.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after acquiring an additional 93 shares during the last quarter. CWM LLC lifted its stake in Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares in the last quarter. Finally, Islay Capital Management LLC lifted its stake in Hamilton Lane by 2.2% in the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock worth $801,000 after purchasing an additional 103 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $157.26 on Friday. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 29.01 and a beta of 1.25. 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 50 day moving average price of $154.64 and a 200-day moving average price of $164.01. Hamilton Lane Incorporated has a one year low of $103.42 and a one year high of $203.72.

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

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.25%. Hamilton Lane’s payout ratio is 36.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $173.14.

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.