Hamilton Lane Inc. $HLNE Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 16.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,272 shares of the company’s stock after selling 12,783 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Hamilton Lane worth $9,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Hamilton Lane during the 1st quarter worth approximately $432,772,000. Wellington Management Group LLP lifted its stake in Hamilton Lane by 5.5% during the first quarter. Wellington Management Group LLP now owns 1,701,963 shares of the company’s stock worth $253,031,000 after purchasing an additional 88,100 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hamilton Lane by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,368,373 shares of the company’s stock worth $203,437,000 after buying an additional 76,107 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Hamilton Lane by 63.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company’s stock valued at $189,555,000 after buying an additional 494,637 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its position in Hamilton Lane by 36.7% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock valued at $147,512,000 after acquiring an additional 278,630 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Down 0.5%

HLNE stock opened at $121.15 on Wednesday. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane Inc. has a twelve month low of $111.98 and a twelve month high of $196.95. The company’s 50 day moving average is $124.45 and its two-hundred day moving average is $141.96. The stock has a market cap of $6.76 billion, a P/E ratio of 23.30 and a beta of 1.23.

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, beating the consensus estimate of $1.08 by $0.46. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The business had revenue of $190.88 million during the quarter, compared to analysts’ expectations of $171.86 million. Research analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.8%. Hamilton Lane’s dividend payout ratio is 39.13%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Zacks Research cut 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 target price on the stock in a report on Thursday, November 6th. Morgan Stanley dropped their price target on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Oppenheimer set a $181.00 price objective on Hamilton Lane and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane currently has an average rating of “Moderate Buy” and an average target price of $159.29.

Insider Buying and Selling

In other news, CEO Juan Delgado-Moreira purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the purchase, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This represents a 0.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total value of $21,976,500.00. Following the transaction, the insider directly owned 330,015 shares in the company, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 22.21% of the company’s stock.

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.