Strs Ohio Makes New $1.55 Million Investment in Hamilton Lane Inc. $HLNE

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 acquired a new position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,400 shares of the company's stock, valued at approximately $1,546,000.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased 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 buying an additional 126 shares during the period. WPG Advisers LLC acquired a new position in shares of Hamilton Lane in the first quarter worth about $26,000. Versant Capital Management Inc acquired a new stake in shares of Hamilton Lane during the 1st quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Hamilton Lane in the first quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock worth $57,000 after buying an additional 254 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Up 0.7%

Shares of HLNE stock opened at $147.58 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. The stock's 50 day simple moving average is $152.70 and its two-hundred day simple moving average is $150.52. Hamilton Lane Inc. has a 1 year low of $124.10 and a 1 year high of $203.72. The company has a market cap of $8.22 billion, a PE ratio of 28.38 and a beta of 1.26.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping 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 firm had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. During the same quarter last year, the firm earned $1.47 EPS. The business's quarterly revenue was up 11.8% on a year-over-year basis. Research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business 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. The ex-dividend date 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 is 41.54%.

Insider Activity

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was 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 in the company, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 22.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Wells Fargo & Company raised 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. Keefe, Bruyette & Woods raised their target price 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. Finally, JPMorgan Chase & Co. dropped 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. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $163.14.

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.

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