Islay Capital Management LLC Reduces Holdings 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 reduced its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 71.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CWM LLC lifted 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 in the last quarter. Lifestyle Asset Management Inc. grew its stake in shares of Hamilton Lane by 8.0% during 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 increased its position in shares of 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 during the last quarter. Securian Asset Management Inc. lifted its stake in shares of Hamilton Lane by 4.4% in the first quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock worth $489,000 after acquiring an additional 140 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its stake in shares of Hamilton Lane by 2.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,411 shares of the company's stock worth $1,101,000 after acquiring an additional 142 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $156.75 on Monday. 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 company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 30.14 and a beta of 1.23. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. The business has a 50 day simple moving average of $149.88 and a 200-day simple moving average of $151.21.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data 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 firm 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 revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the business posted $1.47 earnings per share. As a group, equities research analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given a $0.54 dividend. 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 dividend payout ratio (DPR) is presently 41.54%.

Analyst Upgrades and Downgrades

HLNE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. 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. Wells Fargo & Company lifted 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 note on Friday, July 11th. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently 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.

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