Hamilton Lane Inc. $HLNE Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 48.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the company’s stock after selling 7,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Hamilton Lane were worth $721,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. lifted its position in shares of Hamilton Lane by 1.5% in the third quarter. Oppenheimer & Co. Inc. now owns 33,261 shares of the company’s stock worth $2,889,000 after purchasing an additional 500 shares in the last quarter. Park Avenue Securities LLC increased its stake in Hamilton Lane by 18.2% in the 3rd quarter. Park Avenue Securities LLC now owns 4,344 shares of the company’s stock valued at $377,000 after buying an additional 670 shares during the period. Apollon Wealth Management LLC increased its stake in Hamilton Lane by 116.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 5,946 shares of the company’s stock valued at $516,000 after buying an additional 3,196 shares during the period. Signaturefd LLC increased its stake in Hamilton Lane by 67.1% in the 3rd quarter. Signaturefd LLC now owns 1,656 shares of the company’s stock valued at $144,000 after buying an additional 665 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new stake in Hamilton Lane in the 3rd quarter worth approximately $219,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded down $0.67 during mid-day trading on Friday, hitting $89.46. The company had a trading volume of 616,474 shares, compared to its average volume of 607,645. Hamilton Lane Inc. has a 12 month low of $71.88 and a 12 month high of $155.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market cap of $4.97 billion, a P/E ratio of 13.27 and a beta of 1.16. The business’s 50-day simple moving average is $89.41 and its 200-day simple moving average is $96.59.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.33. The company had revenue of $204.43 million during the quarter, compared to the consensus estimate of $215.23 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $1.54 EPS. As a group, analysts predict that Hamilton Lane Inc. will post 7.61 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Monday, December 21st will be paid a $0.60 dividend. The ex-dividend date is Monday, December 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.7%. Hamilton Lane’s payout ratio is 35.61%.

Analyst Ratings Changes

A number of brokerages have issued reports on HLNE. JPMorgan Chase & Co. decreased their target price on shares of Hamilton Lane from $150.00 to $144.00 and set an “overweight” rating for the company in a research note on Wednesday. Weiss Ratings raised shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Oppenheimer decreased their target price on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. Wells Fargo & Company increased their price target on shares of Hamilton Lane from $103.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Hamilton Lane in a research note on Friday, October 2nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.12.

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.