Hamilton Lane Inc. $HLNE Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 44.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,514 shares of the company’s stock after selling 18,038 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Hamilton Lane were worth $3,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WPG Advisers LLC acquired a new position in shares of Hamilton Lane in the first quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Hamilton Lane in the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd acquired a new position in Hamilton Lane in the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. raised its position in Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after buying an additional 254 shares during the last quarter. 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 worth $62,000 after acquiring an additional 327 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted 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 lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 22nd. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. reduced their price target 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, Weiss Ratings lowered Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $157.71.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the transaction, the insider owned 330,015 shares in the company, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 22.21% of the company’s stock.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $117.89 on Wednesday. The business has a 50 day moving average price of $137.69 and a 200 day moving average price of $147.13. The company has a market capitalization of $6.56 billion, a P/E ratio of 22.67 and a beta of 1.20. Hamilton Lane Inc. has a 1-year low of $114.63 and a 1-year 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.

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

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Friday, September 19th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 19th. Hamilton Lane’s dividend payout ratio is presently 41.54%.

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.