2,504 Shares in Hamilton Lane Inc. $HLNE Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 2,504 shares of Hamilton Lane Inc., valued at approximately $368,000, according to its recent Form 13F filing.
• Several institutional investors increased their stakes in Hamilton Lane, with MassMutual Private Wealth & Trust lifting its position by 252.0% during the quarter.
• Hamilton Lane recently declared a quarterly dividend of $0.54 per share, with an annual yield of 1.4% and a payout ratio of 41.54%.

United Services Automobile Association acquired a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,504 shares of the company's stock, valued at approximately $368,000.

Other large investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after purchasing an additional 126 shares during the last quarter. WPG Advisers LLC bought a new position in Hamilton Lane during the first quarter valued at about $26,000. Versant Capital Management Inc bought a new position in Hamilton Lane during the first quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. bought a new position in Hamilton Lane during the first quarter valued at about $33,000. Finally, Covestor Ltd increased its stake in Hamilton Lane by 375.9% during the first quarter. Covestor Ltd now owns 414 shares of the company's stock valued at $62,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered 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. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Wells Fargo & Company boosted their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $163.14.

Insider Buying and Selling

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares in the company, valued at $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.21% of the stock is currently owned by company insiders.

Hamilton Lane Trading Up 3.0%

HLNE stock opened at $153.80 on Friday. Hamilton Lane Inc. has a 1-year low of $124.10 and a 1-year high of $203.72. The firm has a market cap of $8.56 billion, a P/E ratio of 29.58 and a beta of 1.26. The business's 50 day moving average is $152.65 and its 200-day moving average is $150.67. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The company had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same period in the prior year, the company posted $1.47 EPS. The company's revenue was up 11.8% compared to the same quarter last year. Equities analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Hamilton Lane's dividend payout ratio is 41.54%.

Hamilton Lane Company 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.

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