Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 357,045 shares of the company’s stock after selling 108,045 shares during the period. TimesSquare Capital Management LLC’s holdings in Hamilton Lane were worth $40,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund raised its holdings in Hamilton Lane by 0.7% during the third quarter. New York State Common Retirement Fund now owns 17,238 shares of the company’s stock worth $1,559,000 after purchasing an additional 128 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Hamilton Lane by 11.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock worth $146,000 after purchasing an additional 168 shares in the last quarter. Blair William & Co. IL lifted its stake in Hamilton Lane by 0.7% during the third quarter. Blair William & Co. IL now owns 33,608 shares of the company’s stock valued at $3,040,000 after purchasing an additional 241 shares during the last quarter. Arizona State Retirement System boosted its holdings in Hamilton Lane by 3.3% during the third quarter. Arizona State Retirement System now owns 9,339 shares of the company’s stock worth $845,000 after buying an additional 298 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Hamilton Lane by 345.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 508 shares of the company’s stock worth $58,000 after buying an additional 394 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hamilton Lane

In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $108.00, for a total value of $5,940,000.00. Following the completion of the sale, the insider now owns 480,015 shares in the company, valued at $51,841,620. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 26.82% of the company’s stock.

Hamilton Lane Stock Down 0.6 %

Hamilton Lane stock traded down $0.66 during mid-day trading on Thursday, hitting $115.84. The company’s stock had a trading volume of 184,647 shares, compared to its average volume of 240,073. The company has a market cap of $6.26 billion, a PE ratio of 35.46 and a beta of 1.16. Hamilton Lane Incorporated has a 52-week low of $62.86 and a 52-week high of $121.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. The firm’s 50 day moving average is $111.41 and its 200 day moving average is $107.58.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17). Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The company had revenue of $125.26 million for the quarter, compared to analyst estimates of $130.47 million. During the same period last year, the business earned $0.43 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts anticipate that Hamilton Lane Incorporated will post 3.53 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were given a dividend of $0.445 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.54%. Hamilton Lane’s payout ratio is 54.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HLNE shares. Oppenheimer downgraded Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Morgan Stanley increased their price target on Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. downgraded Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a report on Thursday, April 11th. UBS Group raised their target price on shares of Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.67.

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.