Hamilton Lane Inc. (NASDAQ:HLNE) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its holdings in Hamilton Lane Inc. by 13.7%, owning approximately 30,574 shares valued at $4.5 million after the sale.
• Hamilton Lane recently announced a quarterly dividend of $0.54 per share, with an annualized yield of 1.4% and a payout ratio of 41.54%.
• The company reported earnings of $1.31 EPS for the last quarter, exceeding estimates, while revenue increased by 11.8% year-over-year to $196.73 million.

Blair William & Co. IL reduced its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 13.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,574 shares of the company's stock after selling 4,855 shares during the quarter. Blair William & Co. IL owned approximately 0.06% of Hamilton Lane worth $4,545,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after acquiring an additional 126 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Hamilton Lane in the 1st quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Hamilton Lane in the 1st quarter worth approximately $33,000. Kapitalo Investimentos Ltda bought a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $65,000. Finally, UMB Bank n.a. raised its stake in Hamilton Lane by 270.3% in the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock worth $70,000 after buying an additional 346 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Price Performance

NASDAQ HLNE traded up $1.35 during mid-day trading on Friday, hitting $154.54. The stock had a trading volume of 276,636 shares, compared to its average volume of 415,028. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.83. The firm's 50 day moving average is $148.59 and its 200 day moving average is $151.70. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 29.72 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 30.66% and a return on equity of 29.47%. Hamilton Lane's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. Equities research analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Hamilton Lane's dividend payout ratio (DPR) is 41.54%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HLNE. Morgan Stanley cut their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their target price on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, Hamilton Lane has a consensus rating of "Hold" and a consensus target price 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.