Creative Planning Sells 548 Shares of Hamilton Lane Inc. $HLNE

Creative Planning lowered its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,334 shares of the company’s stock after selling 548 shares during the period. Creative Planning’s holdings in Hamilton Lane were worth $1,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HLNE. IFP Advisors Inc lifted its stake in shares of Hamilton Lane by 8.6% in the 2nd quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock valued at $144,000 after purchasing an additional 80 shares during the last quarter. CWM LLC raised its holdings in Hamilton Lane by 18.2% during the 1st quarter. CWM LLC now owns 611 shares of the company’s stock valued at $91,000 after buying an additional 94 shares during the period. Louisiana State Employees Retirement System lifted its position in Hamilton Lane by 0.8% in the second 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. KLP Kapitalforvaltning AS boosted its stake in Hamilton Lane by 1.2% during the second 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 period. Finally, Vista Finance LLC increased its position in Hamilton Lane by 4.1% during the second quarter. Vista Finance LLC now owns 2,568 shares of the company’s stock valued at $365,000 after acquiring an additional 100 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Trading Down 0.5%

NASDAQ:HLNE opened at $122.41 on Friday. Hamilton Lane Inc. has a one year low of $111.98 and a one year high of $200.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. The firm has a market cap of $6.83 billion, a P/E ratio of 23.54 and a beta of 1.23. The firm has a 50-day simple moving average of $126.10 and a 200-day simple moving average of $143.44.

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

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Friday, December 19th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s payout ratio is presently 39.13%.

Insiders Place Their Bets

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 330,015 shares of the company’s stock, valued at $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Juan Delgado-Moreira bought 8,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was bought at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the purchase, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at $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. Corporate insiders own 22.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HLNE shares. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, November 6th. BMO Capital Markets assumed coverage on shares of Hamilton Lane in a research report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings lowered Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.29.

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.