Hsbc Holdings PLC Decreases Stake in Hamilton Lane Inc. $HLNE

Hsbc Holdings PLC lowered its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 85.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,723 shares of the company’s stock after selling 10,355 shares during the period. Hsbc Holdings PLC’s holdings in Hamilton Lane were worth $253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after buying an additional 126 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Hamilton Lane in the first quarter worth $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Hamilton Lane in the first quarter worth $33,000. Covestor Ltd raised its holdings in shares of Hamilton Lane by 375.9% in the first quarter. Covestor Ltd now owns 414 shares of the company’s stock worth $62,000 after buying an additional 327 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Hamilton Lane by 270.3% in the first quarter. UMB Bank n.a. now owns 474 shares of the company’s stock worth $70,000 after buying an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Hamilton Lane Stock Up 2.3%

HLNE stock opened at $147.04 on Friday. The firm has a market cap of $8.19 billion, a PE ratio of 28.28 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. The firm’s fifty day moving average is $152.19 and its 200 day moving average is $150.91. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released 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 company had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. On average, research analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 19th. Hamilton Lane’s dividend payout ratio (DPR) is currently 41.54%.

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.