Hamilton Lane Inc. $HLNE Shares Sold by American Century Companies Inc.

Key Points

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American Century Companies Inc. trimmed its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 542,649 shares of the company's stock after selling 8,817 shares during the quarter. American Century Companies Inc. owned approximately 0.98% of Hamilton Lane worth $80,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Liontrust Investment Partners LLP purchased a new stake in shares of Hamilton Lane in the first quarter worth approximately $437,000. Cookson Peirce & Co. Inc. raised its holdings in shares of Hamilton Lane by 16.1% in the first quarter. Cookson Peirce & Co. Inc. now owns 5,939 shares of the company's stock worth $883,000 after buying an additional 825 shares during the period. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Hamilton Lane in the first quarter worth approximately $271,000. Russell Investments Group Ltd. raised its holdings in shares of Hamilton Lane by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 79,055 shares of the company's stock worth $11,753,000 after buying an additional 1,672 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Hamilton Lane by 46.4% in the first quarter. HighTower Advisors LLC now owns 2,670 shares of the company's stock worth $397,000 after buying an additional 846 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Up 4.6%

Shares of Hamilton Lane stock traded up $6.89 during trading on Friday, reaching $156.75. The company's stock had a trading volume of 267,936 shares, compared to its average volume of 375,680. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 30.14 and a beta of 1.23. Hamilton Lane Inc. has a 1-year low of $124.10 and a 1-year high of $203.72. The company has a 50-day simple moving average of $149.88 and a two-hundred day simple moving average of $151.45.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. As a group, equities analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given 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 presently 41.54%.

Analyst Upgrades and Downgrades

Several research analysts have commented on HLNE shares. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company lifted their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $163.14.

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.