KBC Group NV Has $168,000 Stock Holdings in Hamilton Lane Inc. $HLNE

KBC Group NV trimmed its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 35.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,179 shares of the company’s stock after selling 661 shares during the period. KBC Group NV’s holdings in Hamilton Lane were worth $168,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Hamilton Lane in the first quarter worth $432,772,000. Champlain Investment Partners LLC purchased a new position in Hamilton Lane in the first quarter valued at about $112,887,000. T. Rowe Price Investment Management Inc. increased its position in Hamilton Lane by 63.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company’s stock worth $189,555,000 after purchasing an additional 494,637 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Hamilton Lane during the 1st quarter worth about $24,334,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Hamilton Lane by 2,139.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 103,360 shares of the company’s stock valued at $14,690,000 after buying an additional 98,744 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hamilton Lane

In other 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 transaction of $21,976,500.00. Following the completion of the transaction, the insider directly owned 330,015 shares in the company, valued at $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Juan Delgado-Moreira acquired 8,000 shares of Hamilton Lane stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $130.35 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This trade represents a 0.61% increase in their position. The SEC filing for this purchase provides additional information. 22.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Oppenheimer set a $181.00 price objective on shares of Hamilton Lane and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. cut their price target 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. BMO Capital Markets started coverage on shares of Hamilton Lane in a research note on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Moderate Buy” and an average price target of $159.29.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $125.27 on Thursday. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $129.36 and a 200-day simple moving average of $144.94. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 24.09 and a beta of 1.23. Hamilton Lane Inc. has a 1-year low of $111.98 and a 1-year high of $203.63.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. The business had revenue of $190.88 million for the quarter, compared to analyst estimates of $171.86 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. On average, sell-side analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s payout ratio is currently 39.13%.

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.