Hamilton Lane Inc. $HLNE Holdings Decreased by Caitlin John LLC

Key Points

• Caitlin John LLC has significantly reduced its stake in Hamilton Lane Inc. by 60.3%, now holding 4,059 shares valued at approximately $603,000.
• Several institutional investors are increasing their positions in Hamilton Lane, with MassMutual Private Wealth & Trust FSB boosting its stake by 252.0%.
• Hamilton Lane announced a quarterly dividend of $0.54 per share, with a dividend yield of 1.4%, to be paid on October 6th.

Caitlin John LLC decreased its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 60.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,059 shares of the company's stock after selling 6,164 shares during the period. Caitlin John LLC's holdings in Hamilton Lane were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. CWM LLC grew its position in Hamilton Lane by 18.2% in the first quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after acquiring an additional 94 shares in the last quarter. Lifestyle Asset Management Inc. grew its position in Hamilton Lane by 8.0% in the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock valued at $243,000 after acquiring an additional 121 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in 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. Securian Asset Management Inc. grew its position in Hamilton Lane by 4.4% in the first quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock valued at $489,000 after acquiring an additional 140 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its position in Hamilton Lane by 2.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,411 shares of the company's stock valued at $1,101,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

HLNE stock traded up $0.48 during mid-day trading on Thursday, reaching $155.00. The company had a trading volume of 84,798 shares, compared to its average volume of 556,481. 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 stock has a market capitalization of $8.63 billion, a P/E ratio of 29.81 and a beta of 1.23. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72. The stock's 50-day simple moving average is $150.93 and its two-hundred day simple moving average is $151.16.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.33. The company had revenue of $196.73 million for 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 firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. Research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on HLNE. Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. decreased their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock 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's stock. Based on data from MarketBeat.com, Hamilton Lane currently has a consensus rating of "Reduce" and a consensus price target of $163.14.

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.