Hsbc Holdings PLC Trims Stake in Hamilton Lane Inc. $HLNE

Key Points

• Hsbc Holdings PLC has significantly reduced its stake in Hamilton Lane Inc. by 85.7%, selling 10,355 shares and now holding just 1,723 shares valued at approximately $253,000.
• Several hedge funds increased their investments in Hamilton Lane, with MassMutual Private Wealth & Trust raising its holdings by 252% and UMB Bank boosting its stake by 270.3%.
• The company recently declared a quarterly dividend of $0.54 per share, reflecting a 1.5% yield, set to be paid on October 6th to investors of record on September 19th.

Hsbc Holdings PLC lowered its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 85.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,723 shares of the company's stock after selling 10,355 shares during the quarter. Hsbc Holdings PLC's holdings in Hamilton Lane were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after acquiring an additional 126 shares in the last quarter. Versant Capital Management Inc bought a new stake in Hamilton Lane during the first quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Hamilton Lane during the first quarter worth about $33,000. Covestor Ltd boosted its stake in Hamilton Lane by 375.9% during the first quarter. Covestor Ltd now owns 414 shares of the company's stock worth $62,000 after acquiring an additional 327 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Hamilton Lane by 270.3% during the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock worth $70,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Wells Fargo & Company increased their price target on shares of 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 shares of Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, 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. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $163.14.

Hamilton Lane Stock Performance

HLNE stock traded down $0.92 during trading on Friday, reaching $146.12. The stock had a trading volume of 318,314 shares, compared to its average volume of 338,331. Hamilton Lane Inc. has a 52 week low of $124.10 and a 52 week high of $203.72. The stock's 50 day moving average is $152.23 and its two-hundred day moving average is $150.76. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a market cap of $8.14 billion, a PE ratio of 28.10 and a beta of 1.26.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.33. The business 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 business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. As a group, equities analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane's dividend payout ratio is currently 41.54%.

About Hamilton Lane

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.