Allspring Global Investments Holdings LLC Has $8.44 Million Position in Hamilton Lane Inc. $HLNE

Allspring Global Investments Holdings LLC lowered its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 20.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,414 shares of the company’s stock after selling 15,238 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hamilton Lane were worth $8,444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Hamilton Lane by 65.8% in the first quarter. GAMMA Investing LLC now owns 920 shares of the company’s stock valued at $137,000 after purchasing an additional 365 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Hamilton Lane in the first quarter valued at approximately $225,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Hamilton Lane by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company’s stock valued at $1,437,000 after acquiring an additional 1,084 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Hamilton Lane by 6.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company’s stock valued at $508,000 after acquiring an additional 212 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Hamilton Lane by 11.3% in the first quarter. New York State Teachers Retirement System now owns 7,880 shares of the company’s stock valued at $1,172,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

HLNE has been the topic of a number of recent research reports. The Goldman Sachs Group raised shares of Hamilton Lane from a “sell” rating to a “neutral” rating and raised their price objective for the company from $149.00 to $162.00 in a research note on Thursday, September 18th. BMO Capital Markets initiated coverage on shares of Hamilton Lane in a research report on Friday, October 3rd. They set an “outperform” rating and a $150.00 price target on the stock. Keefe, Bruyette & Woods raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $168.00 to $150.00 in a research report on Monday, October 13th. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Finally, Zacks Research raised shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane has an average rating of “Moderate Buy” and an average target price of $161.50.

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 330,015 shares in the company, valued at $48,350,497.65. The trade was a 31.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.21% of the stock is owned by corporate insiders.

Hamilton Lane Trading Up 0.4%

Shares of NASDAQ:HLNE opened at $118.04 on Monday. The company’s 50-day moving average price is $142.82 and its two-hundred day moving average price is $147.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. Hamilton Lane Inc. has a one year low of $114.63 and a one year high of $203.72. The stock has a market capitalization of $6.57 billion, a PE ratio of 22.70 and a beta of 1.20.

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

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Friday, September 19th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, September 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.8%. Hamilton Lane’s payout ratio is currently 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.