Hamilton Lane Inc. $HLNE Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,064 shares of the company’s stock after selling 4,363 shares during the period. Ensign Peak Advisors Inc’s holdings in Hamilton Lane were worth $2,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in shares of Hamilton Lane during the first quarter valued at about $26,000. Parkside Financial Bank & Trust boosted its holdings in Hamilton Lane by 920.0% in the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after purchasing an additional 184 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Hamilton Lane during the 2nd quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its holdings in Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Hamilton Lane by 375.9% in the 1st quarter. Covestor Ltd now owns 414 shares of the company’s stock valued at $62,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Down 0.5%

NASDAQ HLNE opened at $122.41 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. Hamilton Lane Inc. has a one year low of $111.98 and a one year high of $200.79. The company has a 50-day simple moving average of $126.68 and a 200-day simple moving average of $143.59. The firm has a market capitalization of $6.83 billion, a PE ratio of 23.54 and a beta of 1.23.

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

Hamilton Lane Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. BMO Capital Markets initiated coverage on shares of Hamilton Lane in a report on Friday, October 3rd. They set an “outperform” rating and a $150.00 price objective for the company. Oppenheimer set a $181.00 target price on shares of Hamilton Lane and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings downgraded Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Finally, Morgan Stanley lowered their price objective on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.29.

Insiders Place Their Bets

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were 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 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Juan Delgado-Moreira acquired 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost 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 in the company, valued at approximately $171,338,166.45. This trade represents a 0.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 22.21% of the stock is owned by corporate insiders.

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.