Hamilton Lane Inc. (NASDAQ:HLNE) Shares Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC has increased its holdings in Hamilton Lane Inc. by 714.9%, acquiring an additional 15,070 shares, bringing its total to 17,178 shares valued at approximately $2.55 million.
• Analysts' consensus rating for Hamilton Lane is a "Hold" with a target price of $163.14, although some ratings have varied, with notable upgrades and downgrades from firms like Keefe, Bruyette & Woods and Oppenheimer.
• The company recently declared a quarterly dividend of $0.54 per share, resulting in an annualized dividend yield of 1.4%, with a payout ratio of 41.54%.

Townsquare Capital LLC boosted its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 714.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,178 shares of the company's stock after acquiring an additional 15,070 shares during the quarter. Townsquare Capital LLC's holdings in Hamilton Lane were worth $2,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Hamilton Lane by 65.8% in the 1st quarter. GAMMA Investing LLC now owns 920 shares of the company's stock worth $137,000 after buying an additional 365 shares during the period. OneDigital Investment Advisors LLC purchased a new position in Hamilton Lane during the first quarter valued at $225,000. Mirae Asset Global Investments Co. Ltd. raised its stake 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 buying an additional 1,084 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Hamilton Lane by 6.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock worth $508,000 after purchasing an additional 212 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Hamilton Lane by 11.3% in the 1st quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock worth $1,172,000 after purchasing an additional 800 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on HLNE. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. cut their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $163.14.

Hamilton Lane Stock Performance

HLNE traded down $2.98 on Friday, reaching $155.46. 403,421 shares of the stock were exchanged, compared to its average volume of 367,752. The company's 50-day moving average price is $149.33 and its 200 day moving average price is $151.67. Hamilton Lane Inc. has a fifty-two week low of $124.10 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. The firm has a market capitalization of $8.33 billion, a PE ratio of 29.90 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. The company had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal 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 paid a dividend of $0.54 per share. The ex-dividend date is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Hamilton Lane's dividend payout ratio (DPR) is presently 41.54%.

About Hamilton Lane

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.