Hamilton Lane Inc. $HLNE Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 845,837 shares of the company’s stock after selling 51,109 shares during the period. Federated Hermes Inc. owned 1.52% of Hamilton Lane worth $114,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HLNE. Parkside Financial Bank & Trust lifted its position in shares of Hamilton Lane by 920.0% in the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after acquiring an additional 184 shares in the last quarter. First Horizon Corp purchased a new stake in Hamilton Lane during the 3rd quarter valued at about $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Hamilton Lane in the 2nd quarter valued at about $33,000. Global Retirement Partners LLC lifted its stake in Hamilton Lane by 126.4% in the 3rd quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock worth $43,000 after purchasing an additional 177 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings 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 worth $57,000 after purchasing an additional 254 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hamilton Lane

In other news, CEO Juan Delgado-Moreira bought 8,000 shares of the stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,447 shares in the company, valued at approximately $171,338,166.45. The trade was a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.21% of the company’s stock.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $148.64 on Thursday. 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 $8.29 billion, a price-to-earnings ratio of 26.93 and a beta of 1.30. Hamilton Lane Inc. has a 12 month low of $111.98 and a 12 month high of $179.19. The firm’s fifty day simple moving average is $136.73 and its 200-day simple moving average is $139.08.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.46. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. The business had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. As a group, equities analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Friday, December 19th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.5%. Hamilton Lane’s dividend payout ratio (DPR) is currently 39.13%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Oppenheimer restated an “outperform” rating and issued a $220.00 target price on shares of Hamilton Lane in a research report on Tuesday, January 20th. UBS Group boosted their price target on shares of Hamilton Lane from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. BMO Capital Markets assumed coverage on Hamilton Lane in a research note on Friday, October 3rd. They set an “outperform” rating and a $150.00 price target on the stock. Finally, Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.38.

Hamilton Lane Company 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.