Geode Capital Management LLC Trims Holdings in Hamilton Lane Inc. $HLNE

Geode Capital Management LLC lowered its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 17.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,022,666 shares of the company’s stock after selling 210,483 shares during the quarter. Geode Capital Management LLC’s holdings in Hamilton Lane were worth $145,360,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Hamilton Lane during the first quarter valued at approximately $432,772,000. Champlain Investment Partners LLC purchased a new position in Hamilton Lane during the 1st quarter valued at $112,887,000. T. Rowe Price Investment Management Inc. raised its holdings in Hamilton Lane by 63.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company’s stock worth $189,555,000 after purchasing an additional 494,637 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Hamilton Lane in the 1st quarter worth about $24,334,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Hamilton Lane by 2,139.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 103,360 shares of the company’s stock valued at $14,690,000 after purchasing an additional 98,744 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Oppenheimer set a $181.00 target price on Hamilton Lane and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $150.00 to $158.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $159.29.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the transaction, the insider directly owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Juan Delgado-Moreira purchased 8,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the acquisition, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. The trade was a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 22.21% of the stock is currently owned by company insiders.

Hamilton Lane Stock Down 1.3%

HLNE stock opened at $125.23 on Wednesday. The business has a 50 day moving average of $129.84 and a 200 day moving average of $145.08. The firm has a market cap of $6.99 billion, a PE ratio of 24.08 and a beta of 1.23. Hamilton Lane Inc. has a twelve month low of $111.98 and a twelve month high of $203.63. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm had revenue of $190.88 million for the quarter, compared to analysts’ expectations of $171.86 million. On average, research analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is currently 39.13%.

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.