Corient Private Wealth LP Sells 14,400 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Corient Private Wealth LP cut its Hamilton Lane stake by 48.9% in the second quarter, selling 14,400 shares and retaining 15,021 shares worth approximately $1.18 million. Institutional investors and hedge funds collectively own 97.4% of the stock.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $131.57, despite mixed target-price revisions from major firms.
• Hamilton Lane reported strong quarterly results, with EPS of $1.94 beating estimates of $1.53 and revenue rising 56.5% year over year to $275.33 million. The company also announced a $0.60 quarterly dividend, equivalent to a 2.8% annualized yield.

Corient Private Wealth LP reduced its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 48.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,021 shares of the company's stock after selling 14,400 shares during the quarter. Corient Private Wealth LP's holdings in Hamilton Lane were worth $1,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its position in shares of Hamilton Lane by 139.4% during the fourth quarter. Hantz Financial Services Inc. now owns 510 shares of the company's stock worth $68,000 after buying an additional 297 shares during the period. Harbor Investment Advisory LLC bought a new stake in Hamilton Lane in the 2nd quarter valued at approximately $58,000. Blue Trust Inc. acquired a new position in Hamilton Lane during the 1st quarter worth approximately $75,000. Clearstead Advisors LLC boosted its position in Hamilton Lane by 733.7% during the 4th quarter. Clearstead Advisors LLC now owns 867 shares of the company's stock worth $116,000 after acquiring an additional 763 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Hamilton Lane by 29.5% during the 1st quarter. International Assets Investment Management LLC now owns 1,503 shares of the company's stock worth $146,000 after acquiring an additional 342 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $105.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. The Goldman Sachs Group cut their price target on shares of Hamilton Lane from $148.00 to $128.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Morgan Stanley decreased their price objective on Hamilton Lane from $141.00 to $123.00 and set an "equal weight" rating for the company in a report on Tuesday, July 21st. Finally, BMO Capital Markets set a $94.00 target price on Hamilton Lane in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $131.57.

Hamilton Lane Stock Up 1.0%

Hamilton Lane stock opened at $86.21 on Friday. The firm has a market capitalization of $4.79 billion, a PE ratio of 13.14 and a beta of 1.19. The company's 50-day moving average is $96.52 and its 200-day moving average is $92.15. Hamilton Lane Inc. has a fifty-two week low of $71.88 and a fifty-two week high of $155.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The business had revenue of $275.33 million during the quarter, compared to the consensus estimate of $221.94 million. During the same period last year, the business posted $1.47 EPS. Hamilton Lane's revenue was up 56.5% on a year-over-year basis. Sell-side analysts anticipate that Hamilton Lane Inc. will post 7.25 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st will be paid a $0.60 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.40 annualized dividend and a yield of 2.8%. Hamilton Lane's dividend payout ratio is currently 36.59%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company provides investment solutions and advisory services across private equity, private credit, venture capital, infrastructure, real estate and other alternative investment strategies.

Its offerings include customized separate accounts, commingled funds, specialized funds and direct investment programs. Hamilton Lane also provides portfolio management, investment monitoring, due diligence, asset allocation and related advisory services to institutional investors, financial intermediaries and private wealth clients.

Founded in 1991, Hamilton Lane serves clients internationally through operations spanning North America, Europe, Asia-Pacific and the Middle East.

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