Teacher Retirement System of Texas Has $950,000 Stake in Hamilton Lane Inc. (NASDAQ:HLNE)

Teacher Retirement System of Texas reduced its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 85.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,389 shares of the company's stock after selling 38,619 shares during the period. Teacher Retirement System of Texas' holdings in Hamilton Lane were worth $950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in Hamilton Lane by 6.0% during the fourth quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock worth $270,000 after buying an additional 103 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Hamilton Lane by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock worth $801,000 after buying an additional 108 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Hamilton Lane by 0.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company's stock worth $1,813,000 after buying an additional 109 shares in the last quarter. Lifestyle Asset Management Inc. grew its position in Hamilton Lane by 8.0% during the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock worth $243,000 after buying an additional 121 shares in the last quarter. Finally, Congress Wealth Management LLC DE grew its position in Hamilton Lane by 3.2% during the fourth quarter. Congress Wealth Management LLC DE now owns 3,986 shares of the company's stock worth $590,000 after buying an additional 123 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on HLNE. Keefe, Bruyette & Woods reduced their price target on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a research report on Monday, June 2nd. Wells Fargo & Company increased their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Morgan Stanley cut their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. cut their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Wall Street Zen cut Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $164.43.

Hamilton Lane Price Performance

NASDAQ HLNE traded up $6.23 on Wednesday, hitting $151.95. 353,983 shares of the company's stock were exchanged, compared to its average volume of 513,806. The stock has a 50-day moving average of $152.90 and a 200-day moving average of $150.91. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. Hamilton Lane Inc. has a 52 week low of $123.98 and a 52 week high of $203.72. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 28.19 and a beta of 1.22.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The company had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. During the same period in the prior year, the company earned $1.38 EPS. Hamilton Lane's revenue was up 12.1% compared to the same quarter last year. Analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share 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 paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 20th. Hamilton Lane's dividend payout ratio is presently 40.07%.

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.