Personal CFO Solutions LLC Reduces Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Personal CFO Solutions LLC decreased its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,298 shares of the company’s stock after selling 380 shares during the quarter. Personal CFO Solutions LLC’s holdings in Hamilton Lane were worth $488,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HLNE. Wellington Management Group LLP raised its stake in Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after acquiring an additional 413,015 shares in the last quarter. State Street Corp raised its position in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the period. Geode Capital Management LLC grew its holdings in shares of Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after buying an additional 25,657 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after buying an additional 97,924 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hamilton Lane by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 357,957 shares of the company’s stock valued at $52,996,000 after buying an additional 9,551 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. Morgan Stanley boosted their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their price target on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $173.14.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $145.94 on Monday. 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’s 50-day simple moving average is $153.73 and its 200 day simple moving average is $165.40. The company has a market cap of $8.09 billion, a P/E ratio of 26.93 and a beta of 1.28. Hamilton Lane Incorporated has a 52-week low of $103.42 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. As a group, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

About Hamilton Lane

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.