Retirement Systems of Alabama Sells 4,056 Shares of Hamilton Lane Inc. $HLNE

Retirement Systems of Alabama decreased its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 7.7% in the 3rd quarter, Holdings Channel reports. The firm owned 48,912 shares of the company’s stock after selling 4,056 shares during the quarter. Retirement Systems of Alabama’s holdings in Hamilton Lane were worth $6,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLNE. IFP Advisors Inc increased its position in shares of Hamilton Lane by 8.6% during the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock worth $144,000 after buying an additional 80 shares during the period. Vista Finance LLC lifted its holdings in Hamilton Lane by 4.1% in the second quarter. Vista Finance LLC now owns 2,568 shares of the company’s stock valued at $365,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its position in Hamilton Lane by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock valued at $1,734,000 after acquiring an additional 100 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in Hamilton Lane by 1.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock worth $1,198,000 after acquiring an additional 100 shares during the period. Finally, New York State Teachers Retirement System raised its position in shares of Hamilton Lane by 1.3% in the 2nd quarter. New York State Teachers Retirement System now owns 7,980 shares of the company’s stock worth $1,134,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

HLNE has been the topic of several research analyst reports. BMO Capital Markets initiated coverage on Hamilton Lane in a research report on Friday, October 3rd. They set an “outperform” rating and a $150.00 target price on the stock. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, November 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hamilton Lane currently has an average rating of “Moderate Buy” and a consensus target price of $169.38.

Insider Activity at Hamilton Lane

In other Hamilton Lane news, CEO Juan Delgado-Moreira bought 8,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the acquisition, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. The trade was a 0.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.21% of the stock is currently owned by insiders.

Hamilton Lane Trading Down 4.2%

NASDAQ HLNE opened at $142.42 on Friday. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.25. Hamilton Lane Inc. has a 52 week low of $111.98 and a 52 week high of $179.19. The business has a 50 day moving average price of $137.16 and a 200-day moving average price of $139.11. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 25.80 and a beta of 1.30.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.46. The company had revenue of $190.88 million for the quarter, compared to analysts’ expectations of $171.86 million. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%. As a group, equities analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Friday, December 19th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is currently 39.13%.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.