Hamilton Lane Inc. $HLNE Shares Sold by State of Wyoming

State of Wyoming trimmed its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,306 shares of the company’s stock after selling 85 shares during the period. State of Wyoming’s holdings in Hamilton Lane were worth $343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the period. Versant Capital Management Inc bought a new stake in shares of Hamilton Lane during the 1st quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Hamilton Lane during the 1st quarter worth about $33,000. Covestor Ltd raised its position in shares of Hamilton Lane by 375.9% during the 1st quarter. Covestor Ltd now owns 414 shares of the company’s stock worth $62,000 after buying an additional 327 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Hamilton Lane by 270.3% during the 1st quarter. UMB Bank n.a. now owns 474 shares of the company’s stock worth $70,000 after buying an additional 346 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 6th. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. dropped their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Finally, Oppenheimer downgraded shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of “Reduce” and an average price target of $163.14.

Hamilton Lane Stock Down 0.3%

NASDAQ HLNE opened at $154.34 on Tuesday. 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 company’s 50 day simple moving average is $151.95 and its 200 day simple moving average is $151.03. Hamilton Lane Inc. has a 12 month low of $124.10 and a 12 month high of $203.72. The company has a market capitalization of $8.59 billion, a P/E ratio of 29.68 and a beta of 1.26.

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

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane’s dividend payout ratio (DPR) is 41.54%.

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.