Federated Hermes Inc. Sells 275,282 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Federated Hermes Inc. cut its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,222,037 shares of the company’s stock after selling 275,282 shares during the quarter. Federated Hermes Inc.’s holdings in Hamilton Lane were worth $180,923,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HLNE. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock worth $577,681,000 after purchasing an additional 863,326 shares during the last quarter. State Street Corp boosted its holdings in 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 buying an additional 489,557 shares during the last quarter. Norges Bank acquired a new position in Hamilton Lane during the fourth quarter valued at approximately $68,909,000. Wellington Management Group LLP grew its holdings in shares of Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after buying an additional 413,015 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of Hamilton Lane in the fourth quarter worth about $30,350,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Down 3.7 %

Shares of Hamilton Lane stock opened at $135.66 on Friday. The stock has a market cap of $7.52 billion, a P/E ratio of 25.03 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 12-month low of $108.34 and a 12-month high of $203.72. The business’s 50 day moving average is $152.82 and its 200-day moving average is $164.77.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (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 firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. Equities research analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s payout ratio is currently 36.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HLNE shares. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a report on Monday, January 6th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price target on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $170.71.

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.