TD Private Client Wealth LLC Has $1.04 Million Stock Holdings in Hamilton Lane Inc. $HLNE

Key Points

• TD Private Client Wealth LLC significantly increased its stake in Hamilton Lane Inc. by 19,575.7%, acquiring a total of 7,280 shares valued at approximately $1.04 million.
• Recent analyst ratings have varied, with Wells Fargo setting a new price target of $162.00, while Zacks upgraded the stock to a strong-buy rating.
• Hamilton Lane announced a quarterly dividend of $0.54 per share, representing an annualized yield of 1.5%.

TD Private Client Wealth LLC boosted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 19,575.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,280 shares of the company's stock after acquiring an additional 7,243 shares during the quarter. TD Private Client Wealth LLC's holdings in Hamilton Lane were worth $1,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Hamilton Lane by 65.8% during the first quarter. GAMMA Investing LLC now owns 920 shares of the company's stock valued at $137,000 after acquiring an additional 365 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Hamilton Lane during the first quarter valued at approximately $225,000. Mirae Asset Global Investments Co. Ltd. raised its position in Hamilton Lane by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company's stock valued at $1,437,000 after acquiring an additional 1,084 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Hamilton Lane by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock valued at $508,000 after acquiring an additional 212 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in Hamilton Lane by 11.3% during the first quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock valued at $1,172,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HLNE. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Zacks Research upgraded Hamilton Lane from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Wall Street Zen downgraded Hamilton Lane from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. Finally, JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $166.43.

Insider Activity

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 stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.21% of the company's stock.

Hamilton Lane Trading Up 0.9%

Shares of Hamilton Lane stock opened at $140.90 on Friday. Hamilton Lane Inc. has a 1 year low of $124.10 and a 1 year high of $203.72. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The company's fifty day simple moving average is $151.79 and its 200-day simple moving average is $150.48. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 27.10 and a beta of 1.26.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results 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 net margin of 30.66% and a return on equity of 29.47%. The firm had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. During the same quarter in the previous year, the company earned $1.47 earnings per share. The business's revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be issued 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 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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