Teacher Retirement System of Texas Has $950,000 Stock Position in Hamilton Lane Inc. (NASDAQ:HLNE)

Teacher Retirement System of Texas reduced its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 85.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,389 shares of the company’s stock after selling 38,619 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hamilton Lane were worth $950,000 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. HighTower Advisors LLC increased its stake in shares of Hamilton Lane by 6.0% in the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company’s stock valued at $270,000 after buying an additional 103 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Hamilton Lane by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company’s stock worth $801,000 after purchasing an additional 108 shares during the period. Summit Investment Advisors Inc. increased its position in Hamilton Lane by 0.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company’s stock worth $1,813,000 after purchasing an additional 109 shares during the period. Lifestyle Asset Management Inc. increased its position in Hamilton Lane by 8.0% in the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company’s stock worth $243,000 after purchasing an additional 121 shares during the period. Finally, Congress Wealth Management LLC DE increased its position in Hamilton Lane by 3.2% in the fourth quarter. Congress Wealth Management LLC DE now owns 3,986 shares of the company’s stock worth $590,000 after purchasing an additional 123 shares during the period. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HLNE. JPMorgan Chase & Co. lowered their price objective on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company lifted their price objective on Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Friday. Keefe, Bruyette & Woods lowered their price objective on Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating for the company in a research report on Monday, June 2nd. Wall Street Zen lowered Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Finally, Oppenheimer lowered Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.43.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $150.31 on Tuesday. The stock has a fifty day moving average price of $153.48 and a 200-day moving average price of $150.94. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 27.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.83 and a current ratio of 4.83. Hamilton Lane Inc. has a fifty-two week low of $123.98 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The business had revenue of $197.97 million during the quarter, compared to the consensus estimate of $165.49 million. During the same period in the prior year, the company earned $1.38 EPS. Hamilton Lane’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 20th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 20th. Hamilton Lane’s dividend payout ratio (DPR) is 40.07%.

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.