Janney Montgomery Scott LLC Has $14.69 Million Stock Position in Hamilton Lane Inc. $HLNE

Key Points

• Janney Montgomery Scott LLC significantly increased its stake in Hamilton Lane Inc. by 2,139.2%, holding approximately 0.19% of the company, valued at $14.69 million.
• Hamilton Lane reported an **EPS of $1.31**, surpassing estimates, and revenue reached $196.73 million, surpassing expectations of $166.96 million.
• The company announced a quarterly dividend of **$0.54 per share**, with a payout ratio of 41.54%, indicating a dividend yield of 1.7% for shareholders.

Janney Montgomery Scott LLC lifted its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 2,139.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,360 shares of the company's stock after acquiring an additional 98,744 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.19% of Hamilton Lane worth $14,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Hamilton Lane in the 1st quarter worth approximately $432,772,000. Wellington Management Group LLP boosted its holdings in shares of Hamilton Lane by 5.5% in the 1st quarter. Wellington Management Group LLP now owns 1,701,963 shares of the company's stock worth $253,031,000 after acquiring an additional 88,100 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hamilton Lane by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,368,373 shares of the company's stock worth $203,437,000 after acquiring an additional 76,107 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Hamilton Lane by 63.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock worth $189,555,000 after acquiring an additional 494,637 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new position in shares of Hamilton Lane in the 1st quarter worth approximately $112,887,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $126.55 on Friday. The firm has a fifty day moving average of $150.01 and a two-hundred day moving average of $150.21. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 24.34 and a beta of 1.20. Hamilton Lane Inc. has a 52 week low of $124.10 and a 52 week high of $203.72. 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 issued its earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.98 by $0.33. The company had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS. As a group, equities research analysts predict that Hamilton Lane Inc. will post 4.97 EPS 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 given a dividend of $0.54 per share. The ex-dividend date is Friday, September 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.7%. Hamilton Lane's payout ratio is presently 41.54%.

Insider Activity at Hamilton Lane

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the company's stock in a transaction on 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 completion of the sale, the insider owned 330,015 shares in the company, valued at $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 22.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HLNE. Wall Street Zen downgraded Hamilton Lane from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $149.00 to $162.00 in a research report on Thursday, September 18th. Keefe, Bruyette & Woods boosted their price objective 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. Zacks Research upgraded shares of Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One analyst has rated the stock with a Strong Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $166.43.

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.

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