Hamilton Lane Inc. (NASDAQ:HLNE) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 14.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 23,975 shares of the company's stock after selling 3,926 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Hamilton Lane were worth $3,565,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC boosted its position in Hamilton Lane by 3.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 16,943 shares of the company's stock valued at $2,519,000 after buying an additional 593 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Hamilton Lane in the 1st quarter valued at approximately $33,000. Grey Fox Wealth Advisors LLC purchased a new position in Hamilton Lane in the 1st quarter valued at approximately $328,000. Florida Financial Advisors LLC boosted its position in Hamilton Lane by 49.0% in the 1st quarter. Florida Financial Advisors LLC now owns 4,069 shares of the company's stock valued at $604,000 after buying an additional 1,338 shares during the period. Finally, Securian Asset Management Inc. boosted its position 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 during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Performance

HLNE traded up $0.29 on Friday, reaching $156.86. The company had a trading volume of 238,241 shares, compared to its average volume of 708,491. Hamilton Lane Inc. has a 1 year low of $123.98 and a 1 year high of $203.72. The stock has a market capitalization of $8.40 billion, a PE ratio of 29.10 and a beta of 1.22. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $150.88 and a 200-day moving average price of $151.29.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The firm had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. During the same period in the previous year, the company earned $1.38 earnings per share. Hamilton Lane's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were given a $0.54 dividend. 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. This represents a $2.16 dividend on an annualized basis and a yield of 1.38%. Hamilton Lane's payout ratio is 40.07%.

Analyst Ratings Changes

Several brokerages have commented on HLNE. Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. decreased their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods decreased their price target on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research report on Monday, June 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $161.29.

Hamilton Lane Company 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.