Bessemer Group Inc. Sells 40,985 Shares of Hamilton Lane Inc. $HLNE

Bessemer Group Inc. decreased its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 23.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,505 shares of the company’s stock after selling 40,985 shares during the quarter. Bessemer Group Inc.’s holdings in Hamilton Lane were worth $18,832,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HLNE. WPG Advisers LLC bought a new stake in Hamilton Lane in the 1st quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Hamilton Lane in the first quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Hamilton Lane in the second quarter valued at approximately $33,000. Geneos Wealth Management Inc. grew its stake in Hamilton Lane by 196.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after purchasing an additional 254 shares during the period. Finally, Covestor Ltd grew its stake in Hamilton Lane by 375.9% in the 1st quarter. Covestor Ltd now owns 414 shares of the company’s stock valued at $62,000 after purchasing an additional 327 shares during the period. 97.40% of the stock is owned by institutional investors.

Insider Transactions at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the 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 completion of the transaction, the insider owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.21% of the stock is currently owned by insiders.

Hamilton Lane Trading Down 1.7%

Shares of HLNE stock opened at $117.89 on Wednesday. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $137.69 and a two-hundred day moving average price of $147.13. Hamilton Lane Inc. has a 12-month low of $114.63 and a 12-month high of $203.72. The firm has a market cap of $6.56 billion, a P/E ratio of 22.67 and a beta of 1.20.

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

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Friday, September 19th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 19th. Hamilton Lane’s dividend payout ratio is presently 41.54%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. 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 raised Hamilton Lane from a “sell” rating to a “neutral” rating and increased their price objective for the company from $149.00 to $162.00 in a report on Thursday, September 18th. BMO Capital Markets initiated coverage on Hamilton Lane in a report on Friday, October 3rd. They set an “outperform” rating and a $150.00 price objective for the company. Oppenheimer set a $181.00 price target on Hamilton Lane and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings downgraded Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and a consensus price target of $157.71.

About Hamilton Lane

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.