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

FourThought Financial Partners LLC decreased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Hamilton Lane in the 4th quarter valued at about $48,000. SRS Capital Advisors Inc. boosted its position in Hamilton Lane by 345.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after acquiring an additional 394 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Hamilton Lane during the 4th quarter worth approximately $142,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Hamilton Lane by 11.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock valued at $146,000 after purchasing an additional 168 shares during the last quarter. Finally, CI Investments Inc. acquired a new stake in shares of Hamilton Lane in the third quarter valued at approximately $155,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded up $0.34 during midday trading on Friday, hitting $115.67. 216,404 shares of the company’s stock were exchanged, compared to its average volume of 186,661. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6.25 billion, a PE ratio of 35.59 and a beta of 1.16. Hamilton Lane Incorporated has a 12 month low of $62.86 and a 12 month high of $121.90. The company’s 50 day moving average price is $111.34 and its 200 day moving average price is $106.83.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.17). The business had revenue of $125.26 million for the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. As a group, analysts predict that Hamilton Lane Incorporated will post 3.53 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were paid a $0.445 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.54%. Hamilton Lane’s dividend payout ratio (DPR) is currently 54.77%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HLNE shares. Oppenheimer downgraded shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. UBS Group upped their target price on Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company raised their price target on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. 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 note on Thursday, April 11th. Finally, Morgan Stanley raised their target price on shares of Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and a consensus price target of $109.67.

Insider Buying and Selling at Hamilton Lane

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 480,015 shares in the company, valued at $51,841,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.82% of the company’s stock.

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.