TimesSquare Capital Management LLC Lowers Holdings in Hamilton Lane Inc (NASDAQ:HLNE)

TimesSquare Capital Management LLC trimmed its position in Hamilton Lane Inc (NASDAQ:HLNE) by 21.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,349,655 shares of the company’s stock after selling 376,030 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Hamilton Lane were worth $77,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HLNE. Advisor Group Inc. lifted its holdings in shares of Hamilton Lane by 578.4% in the 2nd quarter. Advisor Group Inc. now owns 1,133 shares of the company’s stock worth $65,000 after buying an additional 966 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Hamilton Lane in the 2nd quarter worth $78,000. Legal & General Group Plc lifted its holdings in shares of Hamilton Lane by 16.1% in the 4th quarter. Legal & General Group Plc now owns 2,589 shares of the company’s stock worth $96,000 after buying an additional 359 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Hamilton Lane in the 1st quarter worth $109,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Hamilton Lane by 1,229.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,762 shares of the company’s stock worth $164,000 after buying an additional 3,479 shares during the period. Institutional investors and hedge funds own 44.71% of the company’s stock.

Shares of NASDAQ HLNE traded up $0.53 during mid-day trading on Friday, reaching $55.78. 719 shares of the company were exchanged, compared to its average volume of 134,845. The company has a quick ratio of 1.92, a current ratio of 2.35 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.82 and a beta of 1.01. Hamilton Lane Inc has a 1 year low of $31.81 and a 1 year high of $62.38. The firm has a 50-day moving average of $58.09 and a 200 day moving average of $50.10.



Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The company had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $71.21 million. Hamilton Lane had a return on equity of 61.94% and a net margin of 14.24%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities analysts forecast that Hamilton Lane Inc will post 2.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, September 13th. Hamilton Lane’s dividend payout ratio (DPR) is currently 57.59%.

HLNE has been the subject of several research reports. Zacks Investment Research cut Hamilton Lane from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. CIBC initiated coverage on Hamilton Lane in a report on Tuesday, June 25th. They issued a “market perform” rating for the company. Morgan Stanley upped their target price on Hamilton Lane from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Oppenheimer initiated coverage on Hamilton Lane in a report on Tuesday, June 25th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods cut Hamilton Lane from a “market perform” rating to an “underperform” rating and upped their price objective for the stock from $49.00 to $53.00 in a research note on Thursday, July 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $51.00.

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

About Hamilton Lane

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.

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

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