Geode Capital Management LLC Sells 210,483 Shares of Hamilton Lane Inc. $HLNE

Geode Capital Management LLC cut its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 17.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022,666 shares of the company’s stock after selling 210,483 shares during the quarter. Geode Capital Management LLC owned about 1.91% of Hamilton Lane worth $145,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in HLNE. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Hamilton Lane in the first quarter worth $432,772,000. Wellington Management Group LLP increased its stake in Hamilton Lane by 5.5% in the 1st quarter. Wellington Management Group LLP now owns 1,701,963 shares of the company’s stock worth $253,031,000 after acquiring an additional 88,100 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Hamilton Lane by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,368,373 shares of the company’s stock valued at $203,437,000 after acquiring an additional 76,107 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Hamilton Lane by 63.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company’s stock valued at $189,555,000 after acquiring an additional 494,637 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $112,887,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Oppenheimer set a $181.00 price target on shares of Hamilton Lane and gave the stock an “outperform” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. lowered their price objective 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. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Morgan Stanley reduced their target price on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane has an average rating of “Moderate Buy” and a consensus price target of $159.29.

Insider Buying and Selling

In related news, CEO Juan Delgado-Moreira acquired 8,000 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This trade represents a 0.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder River 5 Ltd French sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 22.21% of the stock is owned by insiders.

Hamilton Lane Price Performance

HLNE stock opened at $125.23 on Wednesday. The firm has a market cap of $6.99 billion, a P/E ratio of 24.08 and a beta of 1.23. The firm’s fifty day moving average is $129.84 and its 200 day moving average is $145.08. Hamilton Lane Inc. has a 52 week low of $111.98 and a 52 week high of $203.63. 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 (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.46. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The business had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. Research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently declared 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. This represents a $2.16 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is presently 39.13%.

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.