Alliancebernstein L.P. Lowers Stake in Hamilton Lane Inc. $HLNE

Alliancebernstein L.P. trimmed its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 0.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 113,619 shares of the company’s stock after selling 251 shares during the period. Alliancebernstein L.P. owned 0.20% of Hamilton Lane worth $16,892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ensign Peak Advisors Inc raised its stake in Hamilton Lane by 78.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 29,053 shares of the company’s stock valued at $4,301,000 after acquiring an additional 12,769 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Hamilton Lane by 24.3% in the fourth quarter. Janus Henderson Group PLC now owns 61,252 shares of the company’s stock valued at $9,071,000 after purchasing an additional 11,959 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hamilton Lane by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,872 shares of the company’s stock worth $3,238,000 after purchasing an additional 837 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Hamilton Lane during the fourth quarter worth approximately $819,000. Finally, Man Group plc lifted its holdings in shares of Hamilton Lane by 75.3% during the fourth quarter. Man Group plc now owns 50,743 shares of the company’s stock worth $7,513,000 after purchasing an additional 21,789 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

HLNE stock opened at $153.80 on Friday. The firm has a 50 day moving average of $152.65 and a 200-day moving average of $150.67. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 29.58 and a beta of 1.26. 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 12-month low of $124.10 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.33. The business had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. As a group, equities analysts expect 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. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane’s payout ratio is 41.54%.

Analysts Set New Price Targets

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

Insider Activity at Hamilton Lane

In related 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 value of $21,976,500.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.21% of the stock is owned by corporate insiders.

About Hamilton Lane

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.