Bessemer Group Inc. Has $18.83 Million Position in Hamilton Lane Inc. $HLNE

Bessemer Group Inc. trimmed its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 23.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,505 shares of the company’s stock after selling 40,985 shares during the period. Bessemer Group Inc. owned approximately 0.25% of Hamilton Lane worth $18,832,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. WPG Advisers LLC acquired a new position in Hamilton Lane during the 1st quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Hamilton Lane in the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Hamilton Lane in the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. lifted its stake in shares of Hamilton Lane by 196.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after purchasing an additional 254 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Hamilton Lane by 375.9% in the 1st quarter. Covestor Ltd now owns 414 shares of the company’s stock valued at $62,000 after purchasing an additional 327 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Hamilton Lane Stock Down 1.7%

Hamilton Lane stock opened at $117.89 on Wednesday. The company’s 50-day moving average is $137.69 and its 200-day moving average is $147.13. The firm has a market capitalization of $6.56 billion, a PE ratio of 22.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. Hamilton Lane Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $166.96 million. During the same quarter in the prior year, the business earned $1.47 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HLNE shares. Wells Fargo & Company increased their target price on Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. cut their target price on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “sell” rating to a “neutral” rating and increased their target price for the stock from $149.00 to $162.00 in a report on Thursday, September 18th. BMO Capital Markets initiated coverage on Hamilton Lane in a research note on Friday, October 3rd. They set an “outperform” rating and a $150.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Hamilton Lane has a consensus rating of “Hold” and an average target price of $157.71.

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.