Victory Capital Management Inc. Has $1.56 Million Stock Holdings in Hamilton Lane Inc. (NASDAQ:HLNE)

Key Points

• Victory Capital Management Inc. reduced its holdings in Hamilton Lane by **38.1%**, selling 6,476 shares to hold a total of 10,504 shares valued at approximately **$1.56 million**.
• Several brokerages have downgraded Hamilton Lane's stock ratings recently, with a consensus target price of **$161.29** and two analysts rating it as a **sell**.
• The company announced an increase in its quarterly dividend to **$0.54 per share**, raising the annual yield to **1.39%**.

Victory Capital Management Inc. cut its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 38.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,504 shares of the company's stock after selling 6,476 shares during the period. Victory Capital Management Inc.'s holdings in Hamilton Lane were worth $1,562,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HLNE. CWM LLC boosted its stake in Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after buying an additional 94 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Hamilton Lane by 6.0% during the 4th quarter. HighTower Advisors LLC now owns 1,824 shares of the company's stock worth $270,000 after purchasing an additional 103 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Hamilton Lane by 2.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock worth $801,000 after purchasing an additional 108 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Hamilton Lane by 0.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company's stock worth $1,813,000 after purchasing an additional 109 shares in the last quarter. Finally, Lifestyle Asset Management Inc. raised its stake in shares of Hamilton Lane by 8.0% during the 1st quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock worth $243,000 after purchasing an additional 121 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Trading Down 3.0%

NASDAQ HLNE traded down $4.51 on Friday, reaching $147.79. The company had a trading volume of 538,811 shares, compared to its average volume of 582,003. The stock's 50 day moving average is $149.89 and its 200-day moving average is $151.57. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 27.42 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. Hamilton Lane Inc. has a 52 week low of $123.98 and a 52 week high of $203.72.

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 (EPS) 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 company had revenue of $197.97 million during the quarter, compared to the consensus estimate of $165.49 million. During the same period in the prior year, the company earned $1.38 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently disclosed 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 is an increase from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, June 20th. Hamilton Lane's payout ratio is currently 40.07%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. lowered their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods lowered their price objective 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. Morgan Stanley decreased their price target on 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. Finally, Wall Street Zen downgraded Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, Hamilton Lane presently has a consensus rating of "Hold" and an average price target of $161.29.

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.