Teacher Retirement System of Texas Sells 38,619 Shares of Hamilton Lane Inc. (NASDAQ:HLNE)

Teacher Retirement System of Texas trimmed its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 85.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,389 shares of the company's stock after selling 38,619 shares during the quarter. Teacher Retirement System of Texas' holdings in Hamilton Lane were worth $950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Hamilton Lane by 252.0% during 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 last quarter. Versant Capital Management Inc bought a new position in shares of Hamilton Lane during the first quarter worth about $30,000. Farther Finance Advisors LLC raised its position in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after acquiring an additional 221 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Hamilton Lane during the fourth quarter worth about $65,000. Finally, UMB Bank n.a. raised its position in shares of Hamilton Lane by 270.3% during the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock worth $70,000 after acquiring an additional 346 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Down 2.5%

Shares of NASDAQ HLNE traded down $4.02 during midday trading on Friday, hitting $155.08. 154,927 shares of the stock traded hands, compared to its average volume of 513,849. The company has a market cap of $8.30 billion, a PE ratio of 28.69 and a beta of 1.22. Hamilton Lane Inc. has a one year low of $123.98 and a one year high of $203.72. The business has a 50 day moving average price of $152.83 and a two-hundred day moving average price of $150.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.83 and a current ratio of 4.83.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The business had revenue of $197.97 million for the quarter, compared to analysts' expectations of $165.49 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business's revenue was up 12.1% on a year-over-year basis. On average, equities analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 20th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, June 20th. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's dividend payout ratio is currently 40.07%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HLNE. Keefe, Bruyette & Woods lowered their target price on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a report on Monday, June 2nd. Morgan Stanley lowered their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company lifted their target price on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and an average price target of $164.43.

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.