FourThought Financial Partners LLC Sells 433 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

FourThought Financial Partners LLC cut its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,295 shares of the company’s stock after selling 433 shares during the period. FourThought Financial Partners LLC’s holdings in Hamilton Lane were worth $1,168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Hamilton Lane by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 233,285 shares of the company’s stock worth $21,098,000 after purchasing an additional 2,990 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hamilton Lane by 12.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,417 shares of the company’s stock valued at $671,000 after buying an additional 795 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Hamilton Lane in the 3rd quarter valued at $803,000. Strs Ohio lifted its stake in Hamilton Lane by 48.9% during the 3rd quarter. Strs Ohio now owns 13,100 shares of the company’s stock valued at $1,184,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in Hamilton Lane during the 3rd quarter worth $298,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Buying and Selling

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the sale, the insider now directly owns 480,015 shares of the company’s stock, valued at $51,841,620. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 26.82% of the stock is currently owned by insiders.

Hamilton Lane Stock Performance

HLNE traded up $0.34 during midday trading on Friday, reaching $115.67. The company had a trading volume of 216,404 shares, compared to its average volume of 186,661. Hamilton Lane Incorporated has a 12-month low of $62.86 and a 12-month high of $121.90. The business has a 50-day moving average price of $111.34 and a two-hundred day moving average price of $106.83. The stock has a market cap of $6.25 billion, a PE ratio of 35.59 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.17). Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $130.47 million. During the same quarter in the previous year, the company posted $0.43 EPS. Hamilton Lane’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that Hamilton Lane Incorporated will post 3.53 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were paid a dividend of $0.445 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.78 annualized dividend and a dividend yield of 1.54%. Hamilton Lane’s payout ratio is 54.77%.

Analyst Ratings Changes

Several brokerages have recently commented on HLNE. Morgan Stanley increased their target price on shares of Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Oppenheimer lowered shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 11th. UBS Group boosted their target price on Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company increased their price target on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. cut Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.67.

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.