Jump Financial LLC Cuts Position in Hamilton Lane Inc. $HLNE

Key Points

• Jump Financial LLC significantly reduced its position in Hamilton Lane Inc. by 74.8% during the first quarter, now holding shares worth $693,000.
• Institutional investors own approximately 97.40% of Hamilton Lane's stock, with several hedge funds increasing their stakes shortly before recent earnings results.
• Hamilton Lane recently announced a quarterly dividend of $0.54 per share, reflecting an annualized yield of 1.4%, with a payout ratio of 41.54%.

Jump Financial LLC decreased its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 74.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,659 shares of the company's stock after selling 13,829 shares during the period. Jump Financial LLC's holdings in Hamilton Lane were worth $693,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB boosted its stake in 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 purchasing an additional 126 shares during the last quarter. Versant Capital Management Inc purchased a new stake in Hamilton Lane in the 1st quarter worth $30,000. Whittier Trust Co. of Nevada Inc. bought a new position in Hamilton Lane in the 1st quarter worth approximately $33,000. Covestor Ltd increased its holdings in Hamilton Lane by 375.9% in 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 last quarter. Finally, UMB Bank n.a. lifted its position in shares of Hamilton Lane by 270.3% in the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock worth $70,000 after buying an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on HLNE shares. Wells Fargo & Company raised their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods increased 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 report on Saturday, August 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report 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 stock has an average rating of "Reduce" and a consensus target price of $163.14.

Hamilton Lane Stock Performance

NASDAQ HLNE traded up $2.25 on Thursday, reaching $146.03. 146,427 shares of the company's stock traded hands, compared to its average volume of 552,657. Hamilton Lane Inc. has a fifty-two week low of $124.10 and a fifty-two 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. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 28.10 and a beta of 1.26. The stock has a 50 day moving average price of $152.14 and a 200-day moving average price of $150.98.

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

Hamilton Lane Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. Hamilton Lane's dividend payout ratio (DPR) is presently 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.