Polen Capital Management LLC Reduces Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Polen Capital Management LLC lowered its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,644 shares of the company’s stock after selling 186 shares during the period. Polen Capital Management LLC owned about 0.10% of Hamilton Lane worth $8,238,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its position in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after buying an additional 61 shares during the period. Farther Finance Advisors LLC boosted its position in Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after buying an additional 221 shares during the period. Icon Wealth Advisors LLC purchased a new stake in Hamilton Lane during the 3rd quarter valued at $111,000. Harvest Fund Management Co. Ltd purchased a new stake in Hamilton Lane during the 3rd quarter valued at $127,000. Finally, KBC Group NV boosted its position in Hamilton Lane by 18.0% during the 3rd quarter. KBC Group NV now owns 1,141 shares of the company’s stock valued at $192,000 after buying an additional 174 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HLNE shares. The Goldman Sachs Group cut 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 report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Oppenheimer raised shares of 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report 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’s stock. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and a consensus target price of $173.14.

Hamilton Lane Stock Up 2.6 %

Shares of Hamilton Lane stock opened at $142.56 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company has a 50-day moving average of $152.89 and a 200 day moving average of $165.02. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 26.30 and a beta of 1.28. Hamilton Lane Incorporated has a 1 year low of $105.16 and a 1 year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued 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. The company had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. Hamilton Lane’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. As a group, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.37%. Hamilton Lane’s dividend payout ratio is currently 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.