Impact Capital Partners LLC Purchases Shares of 2,776 Hamilton Lane Inc. $HLNE

Impact Capital Partners LLC purchased a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,776 shares of the company’s stock, valued at approximately $395,000.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings 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 buying an additional 126 shares in the last quarter. WPG Advisers LLC purchased a new position in Hamilton Lane during the 1st quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new position in Hamilton Lane during the 1st quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Hamilton Lane during the 1st quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. grew 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 valued at $57,000 after buying an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

HLNE has been the subject of a number of recent research reports. Wall Street Zen cut Hamilton Lane from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Wells Fargo & Company lifted their target price on Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group upgraded Hamilton Lane from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $149.00 to $162.00 in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $166.43.

Hamilton Lane Price Performance

Shares of HLNE stock opened at $128.80 on Thursday. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 24.77 and a beta of 1.21. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. The stock has a fifty day simple moving average of $150.61 and a two-hundred day simple moving average of $150.34.

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

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, September 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.7%. Hamilton Lane’s dividend payout ratio (DPR) is currently 41.54%.

Insider Activity at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the firm’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 transaction, the insider owned 330,015 shares in the company, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 22.21% of the company’s stock.

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.