Allspring Global Investments Holdings LLC Sells 15,775 Shares of Hamilton Lane Inc. $HLNE

Allspring Global Investments Holdings LLC trimmed its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 26.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,639 shares of the company’s stock after selling 15,775 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Hamilton Lane worth $5,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Hamilton Lane during the 2nd quarter worth $46,641,000. Champlain Investment Partners LLC lifted its stake in shares of Hamilton Lane by 36.7% during the second quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock valued at $147,512,000 after acquiring an additional 278,630 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Hamilton Lane by 70.2% during the second quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock valued at $54,499,000 after acquiring an additional 158,219 shares during the period. HRT Financial LP bought a new position in Hamilton Lane in the second quarter valued at about $19,136,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Hamilton Lane in the second quarter worth about $19,028,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HLNE. Morgan Stanley reduced their price objective on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Oppenheimer set a $181.00 price target on Hamilton Lane and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group raised Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, November 6th. Finally, UBS Group started coverage on Hamilton Lane in a report on Thursday, December 11th. They set a “buy” rating and a $166.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.50.

Hamilton Lane Trading Up 1.5%

NASDAQ:HLNE opened at $146.83 on Wednesday. Hamilton Lane Inc. has a fifty-two week low of $111.98 and a fifty-two week high of $179.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49. The stock has a market capitalization of $8.19 billion, a PE ratio of 26.60 and a beta of 1.30. The business’s 50-day simple moving average is $128.89 and its 200-day simple moving average is $138.60.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.46. The business had revenue of $190.88 million during the quarter, compared to analysts’ expectations of $171.86 million. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%. Sell-side analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Friday, December 19th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, December 19th. Hamilton Lane’s payout ratio is 39.13%.

Insider Buying and Selling at Hamilton Lane

In other Hamilton Lane news, CEO Juan Delgado-Moreira bought 8,000 shares of Hamilton Lane stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the acquisition, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This trade represents a 0.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 22.21% of the stock is owned by corporate insiders.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.