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

Federated Hermes Inc. trimmed its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,222,037 shares of the company’s stock after selling 275,282 shares during the period. Federated Hermes Inc. owned approximately 2.20% of Hamilton Lane worth $180,923,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Aviva PLC increased its position in shares of Hamilton Lane by 18.8% during the fourth quarter. Aviva PLC now owns 3,334 shares of the company’s stock valued at $494,000 after purchasing an additional 527 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Hamilton Lane in the 4th quarter valued at $651,000. Wells Fargo & Company MN raised its stake in shares of Hamilton Lane by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 97,903 shares of the company’s stock valued at $14,495,000 after buying an additional 606 shares in the last quarter. Islay Capital Management LLC lifted its holdings in shares of Hamilton Lane by 7.5% during the 4th quarter. Islay Capital Management LLC now owns 5,112 shares of the company’s stock worth $757,000 after acquiring an additional 355 shares during the period. Finally, Bryce Point Capital LLC bought a new stake in Hamilton Lane in the fourth quarter valued at about $441,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE opened at $135.66 on Friday. The business has a fifty day moving average of $152.82 and a 200-day moving average of $164.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane Incorporated has a twelve month low of $108.34 and a twelve month high of $203.72. The firm has a market cap of $7.52 billion, a PE ratio of 25.03 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $158.86 million. During the same quarter last year, the company posted $0.71 EPS. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. On average, equities research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

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

Analysts Set New Price Targets

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

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.