Islay Capital Management LLC Decreases Stake in Hamilton Lane Inc. $HLNE

Key Points

• Islay Capital Management LLC significantly reduced its holdings in Hamilton Lane Inc. by 71.8%, owning only 1,444 shares after selling 3,668 during the first quarter.
• Despite Islay's reduction, other investors like CWM LLC and MassMutual Private Wealth & Trust FSB have increased their stakes in Hamilton Lane, demonstrating varied investor sentiment.
• Hamilton Lane reported strong quarterly earnings, with an EPS of $1.31 that surpassed estimates, and declared a quarterly dividend of $0.54 per share.

Islay Capital Management LLC decreased its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 71.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,444 shares of the company's stock after selling 3,668 shares during the period. Islay Capital Management LLC's holdings in Hamilton Lane were worth $215,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HLNE. MassMutual Private Wealth & Trust FSB lifted its stake 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 buying an additional 126 shares during the period. Versant Capital Management Inc bought a new stake in shares of Hamilton Lane in the 1st quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Hamilton Lane in the 1st quarter valued at $33,000. Covestor Ltd lifted its position in shares of Hamilton Lane by 375.9% during the 1st quarter. Covestor Ltd now owns 414 shares of the company's stock valued at $62,000 after acquiring an additional 327 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in Hamilton Lane during the fourth quarter worth $65,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Down 0.3%

NASDAQ HLNE traded down $0.52 during trading hours on Friday, hitting $154.34. The company's stock had a trading volume of 299,723 shares, compared to its average volume of 378,244. The company has a market capitalization of $8.59 billion, a PE ratio of 29.68 and a beta of 1.23. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane Inc. has a 52 week low of $124.10 and a 52 week high of $203.72. The company's 50-day simple moving average is $151.64 and its two-hundred day simple moving average is $151.05.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm had revenue of $196.73 million during the quarter, compared to the consensus estimate of $166.96 million. During the same period in the prior year, the business posted $1.47 earnings per share. The company's quarterly revenue was up 11.8% compared to the same quarter last year. Research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HLNE shares. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wells Fargo & Company raised their target price on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note 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 company presently 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.