Wealth Enhancement Advisory Services LLC Cuts Stock Position in Hamilton Lane Inc. $HLNE

Wealth Enhancement Advisory Services LLC decreased its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,827 shares of the company’s stock after selling 587 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Hamilton Lane were worth $416,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in Hamilton Lane by 270.3% in the 1st quarter. UMB Bank n.a. now owns 474 shares of the company’s stock valued at $70,000 after purchasing an additional 346 shares during the last quarter. OLD National Bancorp IN lifted its stake in Hamilton Lane by 10.3% in the 1st quarter. OLD National Bancorp IN now owns 1,653 shares of the company’s stock worth $246,000 after purchasing an additional 155 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Hamilton Lane by 41.9% in the first quarter. Park Avenue Securities LLC now owns 3,687 shares of the company’s stock valued at $548,000 after purchasing an additional 1,088 shares during the last quarter. Portside Wealth Group LLC purchased a new stake in Hamilton Lane in the 1st quarter valued at $296,000. Finally, Yousif Capital Management LLC grew its holdings in shares of Hamilton Lane by 1.4% in the first quarter. Yousif Capital Management LLC now owns 14,780 shares of the company’s stock valued at $2,197,000 after purchasing an additional 202 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HLNE shares. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price objective 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. JPMorgan Chase & Co. decreased their price target on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Finally, Wells Fargo & Company increased their target price on Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane currently has an average rating of “Hold” and a consensus price target of $164.38.

Hamilton Lane Price Performance

Shares of HLNE opened at $125.09 on Tuesday. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 24.06 and a beta of 1.20. The firm’s fifty day simple moving average is $148.81 and its 200-day simple moving average is $149.92. Hamilton Lane Inc. has a twelve month low of $123.71 and a twelve month high of $203.72. 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 (NASDAQ:HLNE) last posted its 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 firm had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.Hamilton Lane’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. Equities analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Friday, September 19th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, September 19th. Hamilton Lane’s dividend payout ratio is 41.54%.

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.