Victory Capital Management Inc. Reduces Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Victory Capital Management Inc. cut its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,535 shares of the company’s stock after selling 281 shares during the period. Victory Capital Management Inc.’s holdings in Hamilton Lane were worth $968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HLNE. Envestnet Asset Management Inc. raised its stake in shares of Hamilton Lane by 40.1% in the third quarter. Envestnet Asset Management Inc. now owns 196,029 shares of the company’s stock worth $17,729,000 after buying an additional 56,115 shares during the period. FMR LLC raised its stake in shares of Hamilton Lane by 228.5% in the third quarter. FMR LLC now owns 61,672 shares of the company’s stock worth $5,578,000 after buying an additional 42,898 shares during the period. Fiera Capital Corp bought a new position in shares of Hamilton Lane in the third quarter worth about $3,256,000. ClariVest Asset Management LLC bought a new position in shares of Hamilton Lane in the third quarter worth about $2,827,000. Finally, Richard Bernstein Advisors LLC bought a new position in shares of Hamilton Lane in the third quarter worth about $2,774,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HLNE shares. UBS Group lifted their target price on Hamilton Lane from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company lifted their target price 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. downgraded Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 target price on the stock. in a research note on Thursday, April 11th. Finally, Morgan Stanley lifted their target price on 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 research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and an average target price of $109.67.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $119.39 on Wednesday. The stock has a market capitalization of $6.45 billion, a PE ratio of 36.74 and a beta of 1.16. The business has a 50 day simple moving average of $112.61 and a two-hundred day simple moving average of $109.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. Hamilton Lane Incorporated has a 1-year low of $62.86 and a 1-year high of $121.90.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is 54.77%.

Insider Transactions at Hamilton Lane

In other news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the completion of the transaction, the insider now owns 480,015 shares in the company, valued at approximately $51,841,620. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 26.82% of the company’s stock.

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.