Hamilton Lane Inc. $HLNE Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,467 shares of the company’s stock after selling 313 shares during the period. Yousif Capital Management LLC’s holdings in Hamilton Lane were worth $2,056,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. IFP Advisors Inc lifted its holdings in shares of Hamilton Lane by 8.6% in the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock valued at $144,000 after purchasing an additional 80 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Hamilton Lane during the second quarter worth $276,000. Louisiana State Employees Retirement System raised its holdings in shares of Hamilton Lane by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock worth $1,734,000 after acquiring an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Hamilton Lane by 1.2% during the second quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock worth $1,198,000 after acquiring an additional 100 shares in the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Hamilton Lane during the second quarter worth $211,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the firm’s stock in a transaction dated 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 directly owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HLNE shares. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Oppenheimer set a $181.00 price objective on Hamilton Lane and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets started coverage on Hamilton Lane in a report on Friday, October 3rd. They set an “outperform” rating and a $150.00 price objective for the company. 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, Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.50.

Hamilton Lane Trading Up 0.4%

Hamilton Lane stock opened at $118.04 on Friday. 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 company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 22.70 and a beta of 1.20. Hamilton Lane Inc. has a one year low of $114.63 and a one year high of $203.72. The company’s fifty day moving average price is $142.82 and its two-hundred day moving average price is $147.92.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.33. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. On average, analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Friday, September 19th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 19th. Hamilton Lane’s dividend payout ratio (DPR) is currently 41.54%.

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.