Hamilton Lane Inc. $HLNE Shares Sold by LRI Investments LLC

LRI Investments LLC reduced its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 62.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180 shares of the company’s stock after selling 302 shares during the quarter. LRI Investments LLC’s holdings in Hamilton Lane were worth $26,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IFP Advisors Inc raised its position in Hamilton Lane by 8.6% in the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock worth $144,000 after acquiring an additional 80 shares in the last quarter. CWM LLC boosted its stake in shares of Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company’s stock valued at $91,000 after acquiring an additional 94 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in Hamilton Lane by 1.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock worth $1,198,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Hamilton Lane by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock worth $1,734,000 after buying an additional 100 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Hamilton Lane by 14.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,056 shares of the company’s stock worth $150,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Up 3.9%

NASDAQ:HLNE opened at $122.84 on Tuesday. Hamilton Lane Inc. has a 12-month low of $114.63 and a 12-month high of $203.72. The firm has a market capitalization of $6.84 billion, a P/E ratio of 23.62 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. The business has a 50 day simple moving average of $145.63 and a 200 day simple moving average of $148.78.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business had revenue of $196.73 million during the quarter, compared to analyst estimates of $166.96 million. During the same quarter in the previous year, the firm posted $1.47 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Friday, September 19th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, September 19th. Hamilton Lane’s payout ratio is 41.54%.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the transaction, the insider owned 330,015 shares in the company, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 22.21% of the company’s stock.

Wall Street Analyst Weigh In

HLNE has been the topic of several analyst reports. Keefe, Bruyette & Woods upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $168.00 to $150.00 in a report on Monday. Wells Fargo & Company lifted their price objective on Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. The Goldman Sachs Group upgraded Hamilton Lane from a “sell” rating to a “neutral” rating and boosted their price target for the company from $149.00 to $162.00 in a report on Thursday, September 18th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Finally, BMO Capital Markets initiated coverage on Hamilton Lane in a report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.13.

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.