Marshall Financial Group LLC Invests $839,000 in Hamilton Lane Inc. $HLNE

Key Points

• Marshall Financial Group LLC acquired 5,743 shares of Hamilton Lane Inc., valued at approximately $839,000, in the second quarter.
• A notable insider, River 5 Ltd French, sold 150,000 shares of Hamilton Lane stock for about $21.98 million, reducing their ownership by 31.25%.
• Hamilton Lane recently announced a quarterly dividend of $0.54, set to be paid on October 6th, translating to an annualized yield of 1.4%.

Marshall Financial Group LLC purchased a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,743 shares of the company's stock, valued at approximately $839,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after buying an additional 94 shares during the last quarter. Lifestyle Asset Management Inc. raised its position in Hamilton Lane by 8.0% in the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock worth $243,000 after acquiring an additional 121 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Hamilton Lane by 252.0% in 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 period. Securian Asset Management Inc. increased 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 purchasing an additional 140 shares in the last quarter. Finally, OLD National Bancorp IN increased its stake in shares of Hamilton Lane by 10.3% in the first quarter. OLD National Bancorp IN now owns 1,653 shares of the company's stock worth $246,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Down 0.4%

Shares of NASDAQ HLNE traded down $0.63 during midday trading on Friday, hitting $150.36. The company's stock had a trading volume of 1,090,538 shares, compared to its average volume of 327,793. The business's fifty day simple moving average is $152.58 and its two-hundred day simple moving average is $150.50. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 28.92 and a beta of 1.26. Hamilton Lane Inc. has a 1 year low of $124.10 and a 1 year high of $203.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick 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 earnings per share for the quarter, beating 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 net margin of 30.66% and a return on equity of 29.47%. The firm's revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. On average, equities analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be issued a $0.54 dividend. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In other Hamilton Lane 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 sale, the insider owned 330,015 shares of the company's stock, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.21% of the company's stock.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased 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 note on Wednesday, August 6th. Wells Fargo & Company increased their price objective 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. The Goldman Sachs Group raised shares of Hamilton Lane from a "sell" rating to a "neutral" rating and raised their target price for the company from $149.00 to $162.00 in a research note on Thursday. Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. cut their target price on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $166.43.

About Hamilton Lane

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.