Kornitzer Capital Management Inc. KS cut its position in shares of Hamilton Lane Inc (NASDAQ:HLNE) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 262,381 shares of the company’s stock after selling 1,320 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Hamilton Lane were worth $14,971,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HLNE. JPMorgan Chase & Co. boosted its position in Hamilton Lane by 6,643.4% during the first quarter. JPMorgan Chase & Co. now owns 746,152 shares of the company’s stock valued at $32,517,000 after purchasing an additional 735,087 shares during the last quarter. Wasatch Advisors Inc. boosted its position in Hamilton Lane by 8.0% during the first quarter. Wasatch Advisors Inc. now owns 1,924,420 shares of the company’s stock valued at $83,866,000 after purchasing an additional 143,190 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hamilton Lane by 39.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 308,995 shares of the company’s stock valued at $11,433,000 after purchasing an additional 87,961 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Hamilton Lane by 12.4% during the first quarter. OppenheimerFunds Inc. now owns 605,973 shares of the company’s stock valued at $26,409,000 after purchasing an additional 66,823 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Hamilton Lane by 117.5% during the second quarter. First Trust Advisors LP now owns 64,636 shares of the company’s stock valued at $3,688,000 after purchasing an additional 34,917 shares during the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

In other news, major shareholder Michael John Kelly sold 3,792 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $52.79, for a total value of $200,179.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 43.91% of the company’s stock.

HLNE has been the subject of several recent research reports. Oppenheimer initiated coverage on Hamilton Lane in a research report on Tuesday, June 25th. They set a “market perform” rating for the company. They noted that the move was a valuation call. Keefe, Bruyette & Woods cut Hamilton Lane from a “market perform” rating to an “underperform” rating and increased their price target for the company from $49.00 to $53.00 in a research report on Thursday, July 11th. They noted that the move was a valuation call. Morgan Stanley increased their price target on Hamilton Lane from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. CIBC initiated coverage on Hamilton Lane in a research report on Tuesday, June 25th. They set a “market perform” rating for the company. Finally, Zacks Investment Research cut Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Hamilton Lane presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Shares of HLNE traded down $1.28 during mid-day trading on Wednesday, reaching $54.70. The company’s stock had a trading volume of 1,457 shares, compared to its average volume of 139,577. Hamilton Lane Inc has a 1-year low of $31.81 and a 1-year high of $62.38. The stock has a market cap of $2.87 billion, a PE ratio of 28.86, a P/E/G ratio of 1.83 and a beta of 1.01. The business’s 50-day moving average price is $58.10. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.42.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). Hamilton Lane had a net margin of 14.24% and a return on equity of 62.81%. The business had revenue of $65.00 million during the quarter, compared to analyst estimates of $71.21 million. During the same period in the previous year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, research analysts predict that Hamilton Lane Inc will post 2.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.01%. Hamilton Lane’s payout ratio is 57.59%.

Hamilton Lane Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

Further Reading: Economic Bubble

Want to see what other hedge funds are holding HLNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hamilton Lane Inc (NASDAQ:HLNE).

Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

Receive News & Ratings for Hamilton Lane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Lane and related companies with MarketBeat.com's FREE daily email newsletter.