Hamilton Lane Inc. $HLNE Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 20.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,414 shares of the company’s stock after selling 15,238 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.11% of Hamilton Lane worth $8,444,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HLNE. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Hamilton Lane in the first quarter worth approximately $432,772,000. Champlain Investment Partners LLC acquired a new stake in Hamilton Lane in the first quarter worth approximately $112,887,000. T. Rowe Price Investment Management Inc. increased its holdings 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. Nuveen LLC bought a new position in shares of Hamilton Lane in the first quarter valued at $24,334,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Hamilton Lane by 2,139.2% in the second quarter. Janney Montgomery Scott LLC now owns 103,360 shares of the company’s stock valued at $14,690,000 after buying an additional 98,744 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on HLNE. Weiss Ratings raised Hamilton Lane from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Hamilton Lane from a “sell” rating to a “neutral” rating and upped their price target for the stock from $149.00 to $162.00 in a research note on Thursday, September 18th. JPMorgan Chase & Co. decreased their price objective on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Oppenheimer set a $181.00 price target on shares of Hamilton Lane and gave the company an “outperform” rating in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.50.

Hamilton Lane Stock Up 0.4%

Shares of HLNE opened at $118.04 on Monday. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 22.70 and a beta of 1.20. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane Inc. has a 12 month low of $114.63 and a 12 month high of $203.72. The company has a 50-day moving average price of $142.82 and a two-hundred day moving average price of $147.97.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.33. The firm had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. Equities analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Friday, September 19th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.8%. Hamilton Lane’s dividend payout ratio (DPR) is currently 41.54%.

Insider Buying and Selling

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the sale, the insider owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 22.21% of the stock is currently owned by corporate insiders.

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.