Loomis Sayles & Co. L P Cuts Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Loomis Sayles & Co. L P lessened its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 622,405 shares of the company’s stock after selling 162,896 shares during the period. Loomis Sayles & Co. L P owned about 1.12% of Hamilton Lane worth $92,147,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC increased its stake in shares of Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the last quarter. Farther Finance Advisors LLC increased its position in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the third quarter valued at $111,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Hamilton Lane during the 3rd quarter valued at $127,000. Finally, Associated Banc Corp bought a new position in shares of Hamilton Lane during the 3rd quarter worth $212,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HLNE shares. Wells Fargo & Company dropped their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a report on Thursday, March 20th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $170.71.

Hamilton Lane Stock Down 2.3 %

HLNE opened at $154.02 on Thursday. The firm has a market capitalization of $8.54 billion, a P/E ratio of 28.42 and a beta of 1.28. Hamilton Lane Incorporated has a one year low of $108.34 and a one year high of $203.72. The company has a fifty day moving average price of $153.98 and a 200-day moving average price of $164.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. Equities research analysts expect that Hamilton Lane Incorporated will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.27%. Hamilton Lane’s payout ratio is presently 36.16%.

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.