Sierra Capital LLC Sells 5,434 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Sierra Capital LLC lowered its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 23.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,284 shares of the company’s stock after selling 5,434 shares during the quarter. Sierra Capital LLC’s holdings in Hamilton Lane were worth $2,559,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after buying an additional 3,922 shares during the period. Retirement Systems of Alabama bought a new stake in Hamilton Lane in the third quarter valued at $8,291,000. Icon Wealth Advisors LLC bought a new stake in Hamilton Lane in the third quarter valued at $819,000. Royce & Associates LP purchased a new position in Hamilton Lane during the 3rd quarter valued at $538,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Hamilton Lane by 41.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock worth $3,522,000 after purchasing an additional 6,178 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Up 1.1 %

Shares of NASDAQ HLNE opened at $153.14 on Tuesday. The firm’s 50 day moving average price is $153.99 and its 200-day moving average price is $164.75. Hamilton Lane Incorporated has a 52-week low of $103.42 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 company has a market cap of $8.49 billion, a PE ratio of 28.25 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last released 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 for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. On average, equities research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given 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 dividend yield of 1.28%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley increased 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 boosted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. 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 research note on Monday, January 6th. Finally, Wells Fargo & Company boosted 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $173.14.

Hamilton Lane Company 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.