Integrated Wealth Concepts LLC Has $896,000 Holdings in Hamilton Lane Inc. $HLNE

Key Points

• Integrated Wealth Concepts LLC increased its holdings in Hamilton Lane Inc. by 256.2% during the first quarter, now owning 6,019 shares valued at $896,000.
• Hamilton Lane reported earnings of $1.31 per share, significantly beating analyst expectations, and their quarterly revenue increased 11.8% year-over-year to $196.73 million.
• The firm announced a quarterly dividend of $0.54 per share, with a dividend yield of 1.4%, set to be paid on October 6th to shareholders of record.

Integrated Wealth Concepts LLC boosted its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 256.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,019 shares of the company's stock after acquiring an additional 4,329 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Hamilton Lane were worth $896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after buying an additional 126 shares in the last quarter. WPG Advisers LLC bought a new stake in Hamilton Lane during the 1st quarter worth about $26,000. Versant Capital Management Inc bought a new stake in Hamilton Lane during the 1st quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Hamilton Lane during the 1st quarter worth about $33,000. Finally, Covestor Ltd lifted its position in Hamilton Lane by 375.9% during the 1st quarter. Covestor Ltd now owns 414 shares of the company's stock worth $62,000 after buying an additional 327 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the transaction, the insider owned 330,015 shares in the company, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HLNE shares. 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 research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $163.14.

Hamilton Lane Stock Performance

HLNE traded down $1.45 on Wednesday, reaching $146.13. The company had a trading volume of 236,286 shares, compared to its average volume of 329,115. Hamilton Lane Inc. has a fifty-two week low of $124.10 and a fifty-two week high of $203.72. The stock has a market cap of $8.14 billion, a P/E ratio of 28.10 and a beta of 1.26. The company's fifty day moving average is $152.64 and its 200 day moving average is $150.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $166.96 million. During the same quarter in the prior year, the business earned $1.47 EPS. Hamilton Lane's quarterly revenue was up 11.8% on a year-over-year basis. As a group, analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a $0.54 dividend. The ex-dividend date is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.5%. 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.