Natixis acquired a new position in Hamilton Lane Inc (NASDAQ:HLNE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,647 shares of the company’s stock, valued at approximately $319,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Voya Investment Management LLC acquired a new stake in shares of Hamilton Lane during the second quarter worth $219,000. OppenheimerFunds Inc. lifted its stake in shares of Hamilton Lane by 12.7% during the second quarter. OppenheimerFunds Inc. now owns 350,444 shares of the company’s stock worth $16,811,000 after buying an additional 39,375 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Hamilton Lane by 60.4% during the second quarter. Renaissance Technologies LLC now owns 794,400 shares of the company’s stock worth $38,107,000 after buying an additional 299,000 shares during the period. FMR LLC lifted its stake in shares of Hamilton Lane by 366.3% during the second quarter. FMR LLC now owns 2,134,043 shares of the company’s stock worth $102,370,000 after buying an additional 1,676,343 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Hamilton Lane during the second quarter worth $7,010,000. 38.35% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Hamilton Lane from a “hold” rating to a “strong sell” rating in a research note on Saturday, June 9th. JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $41.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, June 11th. Morgan Stanley boosted their target price on shares of Hamilton Lane from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, June 11th. Finally, ValuEngine upgraded shares of Hamilton Lane from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Hamilton Lane presently has an average rating of “Hold” and a consensus price target of $42.75.
In related news, major shareholder Oakville Number 2 Trust sold 100,000 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $47.26, for a total transaction of $4,726,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Hartley R. Rogers sold 28,087 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $47.26, for a total transaction of $1,327,391.62. The disclosure for this sale can be found here. Insiders own 53.71% of the company’s stock.
NASDAQ HLNE opened at $47.45 on Monday. The firm has a market cap of $2.31 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. Hamilton Lane Inc has a 1 year low of $24.91 and a 1 year high of $54.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.19 and a quick ratio of 2.19.
Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $63.36 million during the quarter, compared to the consensus estimate of $57.15 million. Hamilton Lane had a net margin of 8.14% and a return on equity of 63.94%. equities analysts predict that Hamilton Lane Inc will post 1.66 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Friday, September 14th will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.85 dividend on an annualized basis and a yield of 1.79%. Hamilton Lane’s dividend payout ratio is presently 51.83%.
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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