Y Intercept Hong Kong Ltd Reduces Position in Hamilton Lane Inc. $HLNE

Y Intercept Hong Kong Ltd reduced its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 58.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,478 shares of the company’s stock after selling 24,976 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hamilton Lane were worth $2,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Hamilton Lane by 116.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,144 shares of the company’s stock worth $589,000 after purchasing an additional 2,232 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Hamilton Lane by 163.6% in the 2nd quarter. Truist Financial Corp now owns 24,745 shares of the company’s stock valued at $3,517,000 after purchasing an additional 15,357 shares during the last quarter. Norges Bank purchased a new position in Hamilton Lane during the second quarter worth $46,641,000. Edgestream Partners L.P. bought a new position in Hamilton Lane during the 2nd quarter valued at about $1,472,000. Finally, Maryland State Retirement & Pension System purchased a new position in Hamilton Lane during the 2nd quarter valued at $276,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded down $0.76 during midday trading on Wednesday, hitting $146.60. 10,339 shares of the company’s stock were exchanged, compared to its average volume of 450,627. Hamilton Lane Inc. has a twelve month low of $111.98 and a twelve month high of $179.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market cap of $8.18 billion, a P/E ratio of 26.56 and a beta of 1.30. The stock’s 50 day moving average price is $136.26 and its 200-day moving average price is $139.02.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.46. The business had revenue of $190.88 million during the quarter, compared to analyst estimates of $171.86 million. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%. Equities research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Friday, December 19th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 19th. Hamilton Lane’s payout ratio is presently 39.13%.

Insiders Place Their Bets

In related news, CEO Juan Delgado-Moreira bought 8,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was bought at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the transaction, the chief executive officer directly owned 1,314,447 shares in the company, valued at $171,338,166.45. This represents a 0.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 22.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HLNE. BMO Capital Markets initiated coverage on Hamilton Lane in a report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target for the company. UBS Group raised their target price on shares of Hamilton Lane from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.38.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.