Hamilton Lane Inc. (HLNE)

Amalgamated Bank Has $496,000 Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Amalgamated Bank lessened its position in Hamilton Lane Incorporated (NASDAQ:HLNE – Free Report) by 7.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,369 shares of the company’s stock after selling 358 shares during the period. Amalgamated Bank’s holdings in Hamilton Lane were worth $496,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Hamilton Lane by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,185,272 shares of the company’s stock worth $288,076,000 after acquiring an additional 29,711 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Hamilton Lane by 0.7% during the third quarter. Loomis Sayles & Co. L P now owns 949,865 shares of the company’s stock valued at $85,906,000 after buying an additional 6,920 shares during the last quarter. Northern Trust Corp raised its position in Hamilton Lane by 1.6% in the 3rd quarter. Northern Trust Corp now owns 495,230 shares of the company’s stock valued at $44,789,000 after buying an additional 7,686 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hamilton Lane by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,714 shares of the company’s stock valued at $25,569,000 after acquiring an additional 10,698 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Hamilton Lane by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 233,285 shares of the company’s stock worth $21,098,000 after acquiring an additional 2,990 shares in the last quarter. Institutional investors own 97.40% of the company’s stock. Insider Activity In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 480,015 shares of the company’s stock, valued at $51,841,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 26.82% of the company’s stock. Hamilton Lane Price Performance Shares of Hamilton Lane stock opened at $115.60 on Monday. The company has a market cap of $6.24 billion, a PE ratio of 35.57 and a beta of 1.16. The business has a 50 day moving average of $112.18 and a 200 day moving average of $109.43. Hamilton Lane Incorporated has a 52 week low of $62.86 and a 52 week high of $121.90. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.32. Hamilton Lane Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.54%. The ex-dividend date was Thursday, March 14th. Hamilton Lane’s dividend payout ratio is currently 54.77%. Analysts Set New Price Targets HLNE has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. UBS Group raised their target price on Hamilton Lane from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Morgan Stanley boosted their price target on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lowered shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and a consensus target price of $109.67. Check Out Our Latest Research Report on HLNE About Hamilton Lane (Free Report) 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. 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