10,400 Shares in Hamilton Lane Inc. $HLNE Purchased by Strs Ohio

Key Points

• Strs Ohio invested $1.55 million in Hamilton Lane Inc. during the 1st quarter, acquiring 10,400 shares of its stock.
• Hamilton Lane declared a quarterly dividend of $0.54 per share, with a yield of 1.5%, to be paid on October 6th.
• The company reported a net margin of 30.66% and quarterly revenue of $196.73 million, exceeding analysts’ expectations.

Strs Ohio purchased a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,400 shares of the company's stock, valued at approximately $1,546,000.

A number of other institutional investors have also made changes to their positions in the business. CWM LLC increased its holdings in shares of Hamilton Lane by 18.2% during the 1st quarter. CWM LLC now owns 611 shares of the company's stock worth $91,000 after acquiring an additional 94 shares during the last quarter. Lifestyle Asset Management Inc. grew its holdings in Hamilton Lane by 8.0% in the 1st quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock valued at $243,000 after buying an additional 121 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Hamilton Lane by 252.0% in the 1st 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 in the last quarter. Securian Asset Management Inc. grew its holdings in Hamilton Lane by 4.4% in the 1st quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock valued at $489,000 after buying an additional 140 shares in the last quarter. Finally, OLD National Bancorp IN grew its holdings in Hamilton Lane by 10.3% in the 1st quarter. OLD National Bancorp IN now owns 1,653 shares of the company's stock valued at $246,000 after buying an additional 155 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane 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 transaction, the insider directly owned 330,015 shares of the company's stock, valued at approximately $48,350,497.65. The trade was 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 the SEC website. 22.21% of the stock is owned by company insiders.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded down $0.63 during midday trading on Friday, hitting $150.36. 1,090,538 shares of the stock traded hands, compared to its average volume of 327,793. 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 capitalization of $8.37 billion, a P/E ratio of 28.92 and a beta of 1.26. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72. The firm has a 50-day moving average of $152.58 and a two-hundred day moving average of $150.50.

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

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Hamilton Lane's payout ratio is 41.54%.

Analyst Ratings Changes

HLNE has been the topic of a number of research reports. Wells Fargo & Company upped their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. The Goldman Sachs Group upgraded Hamilton Lane from a "sell" rating to a "neutral" rating and upped their target price for the company from $149.00 to $162.00 in a research report on Thursday. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Wall Street Zen cut Hamilton Lane from a "hold" rating to a "sell" rating in a report on Saturday. Finally, JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.