Hamilton Lane Inc (HLNE) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System reduced its holdings in shares of Hamilton Lane Inc (NASDAQ:HLNE) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,700 shares of the company’s stock after selling 1,700 shares during the quarter. California State Teachers Retirement System’s holdings in Hamilton Lane were worth $609,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Hamilton Lane by 44.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock worth $163,000 after purchasing an additional 1,900 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in Hamilton Lane by 84.5% during the 2nd quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock worth $178,000 after purchasing an additional 3,710 shares during the last quarter. First Trust Advisors LP acquired a new stake in Hamilton Lane during the 3rd quarter worth approximately $286,000. The Manufacturers Life Insurance Company acquired a new stake in Hamilton Lane during the 2nd quarter worth approximately $252,000. Finally, Rhumbline Advisers acquired a new stake in Hamilton Lane during the 2nd quarter worth approximately $297,000. 29.46% of the stock is owned by institutional investors and hedge funds.
Separately, Morgan Stanley lifted their price target on Hamilton Lane from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $51.20 million for the quarter, compared to analyst estimates of $48.64 million. Hamilton Lane’s quarterly revenue was up 5.1% on a year-over-year basis. analysts predict that Hamilton Lane Inc will post 1.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.70 annualized dividend and a yield of 1.90%. Hamilton Lane’s payout ratio is currently -46.05%.
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Hamilton Lane Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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