Diversified Trust Co Increases Stock Position in Hamilton Lane Inc. $HLNE

Key Points

• Diversified Trust Co increased its holdings in Hamilton Lane Inc. by 36.4%, acquiring an additional 2,215 shares, bringing its total ownership to 8,298 shares valued at approximately $1.18 million.
• Multiple institutional investors, including Kayne Anderson Rudnick and T. Rowe Price, have also increased their positions in Hamilton Lane, with institutional ownership now at 97.40%.
• Hamilton Lane recently announced a quarterly dividend of $0.54 per share, representing a 1.4% annualized yield, with the ex-dividend date having been September 19th.

Diversified Trust Co boosted its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 36.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,298 shares of the company's stock after buying an additional 2,215 shares during the quarter. Diversified Trust Co's holdings in Hamilton Lane were worth $1,179,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Hamilton Lane by 65.8% in the first quarter. GAMMA Investing LLC now owns 920 shares of the company's stock valued at $137,000 after acquiring an additional 365 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Hamilton Lane during the 1st quarter valued at approximately $225,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hamilton Lane by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company's stock worth $1,437,000 after purchasing an additional 1,084 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Hamilton Lane by 6.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock valued at $508,000 after purchasing an additional 212 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Hamilton Lane by 11.3% during the 1st quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock worth $1,172,000 after acquiring an additional 800 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the 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 transaction, the insider directly owned 330,015 shares of the company's stock, valued at $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. 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 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 cut Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, The Goldman Sachs Group upgraded shares of Hamilton Lane from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $149.00 to $162.00 in a report on Thursday. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and a consensus price target of $166.43.

Hamilton Lane Price Performance

Shares of HLNE traded down $1.21 during mid-day trading on Monday, hitting $149.15. 367,991 shares of the company traded hands, compared to its average volume of 368,922. The business has a 50-day moving average of $152.56 and a 200 day moving average of $150.52. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 28.68 and a beta of 1.26. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72. 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 announced its earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The business had revenue of $196.73 million during the quarter, compared to the consensus estimate of $166.96 million. During the same quarter in the previous year, the firm posted $1.47 EPS. Hamilton Lane's revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be issued a $0.54 dividend. The ex-dividend date is Friday, September 19th. This represents a $2.16 annualized dividend 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.