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

Several other institutional investors and hedge funds have also recently modified their holdings of HLNE. CWM LLC boosted its holdings in Hamilton Lane by 18.2% in the 1st quarter. CWM LLC now owns 611 shares of the company's stock worth $91,000 after buying an additional 94 shares during the last quarter. Lifestyle Asset Management Inc. raised its position in shares of Hamilton Lane by 8.0% during the 1st quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock valued at $243,000 after buying an additional 121 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after buying an additional 126 shares during the period. Securian Asset Management Inc. raised its position in shares of Hamilton Lane by 4.4% during the 1st quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock valued at $489,000 after buying an additional 140 shares during the period. Finally, Snowden Capital Advisors LLC raised 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 purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Up 3.0%

NASDAQ HLNE opened at $153.80 on Friday. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72. 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 $8.56 billion, a P/E ratio of 29.58 and a beta of 1.26. The firm has a 50-day moving average price of $152.65 and a 200 day moving average price of $150.67.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued 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. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. During the same period last year, the company posted $1.47 earnings per share. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts expect that Hamilton Lane Inc. will post 4.97 EPS 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 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 of this dividend is Friday, September 19th. Hamilton Lane's dividend payout ratio (DPR) is 41.54%.

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the transaction, the insider directly owned 330,015 shares of the company's stock, valued at $48,350,497.65. This trade represents a 31.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on HLNE shares. Wells Fargo & Company boosted their target price on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. dropped 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. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Six 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, Hamilton Lane currently has a consensus rating of "Reduce" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.