United Services Automobile Association Invests $368,000 in Hamilton Lane Inc. $HLNE

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 purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,504 shares of the company's stock, valued at approximately $368,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CWM LLC increased its stake in shares of Hamilton Lane by 18.2% in the 1st quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after acquiring an additional 94 shares during the last quarter. Lifestyle Asset Management Inc. increased its stake in Hamilton Lane by 8.0% during the 1st quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock worth $243,000 after purchasing an additional 121 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in 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 in the last quarter. Securian Asset Management Inc. increased its stake in Hamilton Lane by 4.4% during the 1st quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock worth $489,000 after purchasing an additional 140 shares in the last quarter. Finally, Snowden Capital Advisors LLC increased its stake in Hamilton Lane by 2.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 7,411 shares of the company's stock worth $1,101,000 after purchasing an additional 142 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the firm's stock in a transaction 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 completion of the sale, the insider owned 330,015 shares of the company's stock, valued at $48,350,497.65. This trade represents a 31.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.21% of the stock is owned by corporate insiders.

Hamilton Lane Stock Performance

Hamilton Lane stock traded up $0.92 during mid-day trading on Wednesday, hitting $148.50. 43,601 shares of the company's stock traded hands, compared to its average volume of 541,363. The firm has a 50 day simple moving average of $152.70 and a two-hundred day simple moving average of $150.52. Hamilton Lane Inc. has a fifty-two week low of $124.10 and a fifty-two week high of $203.72. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 28.61 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) 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 business had revenue of $196.73 million during the quarter, compared to the consensus estimate of $166.96 million. During the same quarter last year, the firm posted $1.47 EPS. The company's quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts expect that Hamilton Lane Inc. will post 4.97 EPS 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. Shareholders of record on Friday, September 19th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 annualized dividend and a yield of 1.5%. Hamilton Lane's dividend payout ratio (DPR) is currently 41.54%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. 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. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of "Reduce" and a consensus price target of $163.14.

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.