Retirement Systems of Alabama Has $6.59 Million Stock Holdings in Hamilton Lane Inc. $HLNE

Retirement Systems of Alabama trimmed its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,912 shares of the company’s stock after selling 4,056 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Hamilton Lane worth $6,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLNE. Parkside Financial Bank & Trust boosted its holdings in shares of Hamilton Lane by 920.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after purchasing an additional 184 shares in the last quarter. First Horizon Corp bought a new stake in shares of Hamilton Lane during the 3rd quarter worth $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Hamilton Lane in the second quarter valued at about $33,000. Global Retirement Partners LLC boosted its stake in Hamilton Lane by 126.4% in the third quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock valued at $43,000 after buying an additional 177 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after acquiring an additional 254 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 4.2%

HLNE opened at $142.42 on Friday. Hamilton Lane Inc. has a fifty-two week low of $111.98 and a fifty-two week high of $179.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 25.80 and a beta of 1.30. The company’s 50 day moving average price is $137.16 and its two-hundred day moving average price is $139.11.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly 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. The firm had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. As a group, research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HLNE. The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Morgan Stanley set a $159.00 target price on shares of Hamilton Lane in a research report on Tuesday. Keefe, Bruyette & Woods boosted 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. Finally, Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane currently has an average rating of “Moderate Buy” and an average price target of $169.38.

Insider Buying and Selling

In related news, CEO Juan Delgado-Moreira purchased 8,000 shares of Hamilton Lane stock in a transaction 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 transaction, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. This represents a 0.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 22.21% of the company’s stock.

About Hamilton Lane

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.