Copeland Capital Management LLC Sells 243,853 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Copeland Capital Management LLC reduced its stake in Hamilton Lane Inc. by 31.9%, selling 243,853 shares, which now represents approximately 1.5% of its investment portfolio.
• Institutional investors own 97.40% of Hamilton Lane's stock, with various firms like CWM LLC and GAMMA Investing LLC increasing their stakes recently.
• Hamilton Lane announced a quarterly dividend of $0.54 per share, resulting in an annualized yield of 1.7%, with the ex-dividend date having been September 19th.

Copeland Capital Management LLC lowered its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 31.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 521,036 shares of the company's stock after selling 243,853 shares during the period. Hamilton Lane makes up approximately 1.5% of Copeland Capital Management LLC's investment portfolio, making the stock its 14th biggest holding. Copeland Capital Management LLC owned approximately 0.97% of Hamilton Lane worth $74,050,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its stake in Hamilton Lane by 18.2% in the first quarter. CWM LLC now owns 611 shares of the company's stock worth $91,000 after purchasing an additional 94 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in Hamilton Lane by 8.0% in the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock worth $243,000 after purchasing an additional 121 shares during the last quarter. GAMMA Investing LLC lifted its stake in Hamilton Lane by 14.8% in the second quarter. GAMMA Investing LLC now owns 1,056 shares of the company's stock worth $150,000 after purchasing an additional 136 shares during the last quarter. Securian Asset Management Inc. lifted its stake in Hamilton Lane by 4.4% in the first quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock worth $489,000 after purchasing an additional 140 shares during the last quarter. Finally, OLD National Bancorp IN lifted its stake in Hamilton Lane by 10.3% in the first quarter. OLD National Bancorp IN now owns 1,653 shares of the company's stock worth $246,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

HLNE has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. The Goldman Sachs Group raised shares of Hamilton Lane from a "sell" rating to a "neutral" rating and raised their target price for the stock from $149.00 to $162.00 in a research report on Thursday, September 18th. Wells Fargo & Company raised their target price on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Finally, Zacks Research raised shares of Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Hamilton Lane has a consensus rating of "Hold" and a consensus price target of $166.43.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the sale, the insider directly owned 330,015 shares in the company, valued at $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The sale 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 Stock Performance

Shares of HLNE stock opened at $126.55 on Friday. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 24.34 and a beta of 1.20. The company's 50 day moving average is $150.01 and its 200 day moving average is $150.21. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data 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. The company 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 revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $1.47 earnings per share. On average, sell-side analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company 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. This represents a $2.16 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 19th. Hamilton Lane's dividend payout ratio (DPR) is 41.54%.

Hamilton Lane 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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