TimesSquare Capital Management LLC Trims Holdings in Hamilton Lane Inc. (NASDAQ:HLNE)

TimesSquare Capital Management LLC trimmed its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 309,541 shares of the company's stock after selling 5,927 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.56% of Hamilton Lane worth $46,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after purchasing an additional 126 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Hamilton Lane during the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC increased its position in Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock valued at $44,000 after acquiring an additional 221 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HLNE shares. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Morgan Stanley dropped their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company raised their target price 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. Finally, Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $164.43.

Hamilton Lane Trading Up 4.7%

Shares of Hamilton Lane stock traded up $7.15 during trading hours on Thursday, reaching $159.10. The stock had a trading volume of 733,182 shares, compared to its average volume of 515,214. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 29.52 and a beta of 1.22. Hamilton Lane Inc. has a 1 year low of $123.98 and a 1 year high of $203.72. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $152.83 and a two-hundred day simple moving average of $150.99.

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

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were issued a dividend of $0.54 per share. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 20th. This represents a $2.16 annualized dividend and a dividend yield of 1.36%. Hamilton Lane's 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.