Hamilton Lane Inc. $HLNE Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,168 shares of the company’s stock after selling 519 shares during the period. Park Avenue Securities LLC’s holdings in Hamilton Lane were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Diversified Trust Co boosted its position in shares of Hamilton Lane by 36.4% during the 2nd quarter. Diversified Trust Co now owns 8,298 shares of the company’s stock valued at $1,179,000 after purchasing an additional 2,215 shares in the last quarter. Marshall Financial Group LLC bought a new position in shares of Hamilton Lane during the 2nd quarter valued at about $839,000. Strs Ohio bought a new position in shares of Hamilton Lane during the 1st quarter valued at about $1,546,000. Geneos Wealth Management Inc. boosted its position in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after purchasing an additional 254 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Hamilton Lane by 44.4% during the 1st quarter. Intech Investment Management LLC now owns 26,167 shares of the company’s stock valued at $3,890,000 after purchasing an additional 8,051 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $139.00 on Tuesday. The company has a 50 day simple moving average of $151.53 and a 200-day simple moving average of $150.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 26.73 and a beta of 1.26. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.33. The business had revenue of $196.73 million during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. Equities research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be paid a $0.54 dividend. The ex-dividend date is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.6%. Hamilton Lane’s payout ratio is 41.54%.

Analyst Ratings Changes

Several research firms have recently weighed in on HLNE. The Goldman Sachs Group upgraded 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 report on Thursday, September 18th. Wells Fargo & Company raised their target price on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Zacks Research upgraded shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Wall Street Zen cut shares of Hamilton Lane from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and a consensus price target of $166.43.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.21% of the stock is owned by company insiders.

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.