LVW Advisors LLC Takes Position in Hamilton Lane Inc. $HLNE

LVW Advisors LLC bought a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,794 shares of the company’s stock, valued at approximately $397,000.

Several other large investors have also modified their holdings of the stock. Novem Group acquired a new position in shares of Hamilton Lane in the 2nd quarter valued at $861,000. Congress Asset Management Co. boosted its holdings in shares of Hamilton Lane by 1.1% in the 2nd quarter. Congress Asset Management Co. now owns 100,066 shares of the company’s stock valued at $14,221,000 after buying an additional 1,118 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Hamilton Lane by 19,575.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 7,280 shares of the company’s stock valued at $1,035,000 after buying an additional 7,243 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Hamilton Lane by 35.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 43,783 shares of the company’s stock valued at $6,222,000 after buying an additional 11,392 shares in the last quarter. Finally, Argent Capital Management LLC boosted its holdings in shares of Hamilton Lane by 207.0% in the 2nd quarter. Argent Capital Management LLC now owns 36,508 shares of the company’s stock valued at $5,189,000 after buying an additional 24,618 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Up 0.9%

Shares of Hamilton Lane stock opened at $140.90 on Friday. The company has a market cap of $7.85 billion, a P/E ratio of 27.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72. The firm has a fifty day moving average of $151.79 and a two-hundred day moving average of $150.55.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.33. The company had revenue of $196.73 million during the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. Hamilton Lane’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. On average, analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 19th. Hamilton Lane’s dividend payout ratio (DPR) is presently 41.54%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Wells Fargo & Company increased their price target 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. Zacks Research upgraded shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Finally, The Goldman Sachs Group upgraded shares of Hamilton Lane from a “sell” rating to a “neutral” rating and increased their price target for the stock from $149.00 to $162.00 in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $166.43.

Insider Activity at Hamilton Lane

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total value of $21,976,500.00. Following the sale, the insider owned 330,015 shares in the company, valued at $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 22.21% of the stock is owned by company insiders.

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.