Caitong International Asset Management Co. Ltd Takes Position in Hamilton Lane Inc. $HLNE

Caitong International Asset Management Co. Ltd bought a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the second quarter, Holdings Channel.com reports. The fund bought 235 shares of the company’s stock, valued at approximately $33,000.

Other large investors have also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Hamilton Lane during the first quarter worth about $33,000. Geneos Wealth Management Inc. boosted its stake in Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after acquiring an additional 254 shares in the last quarter. Covestor Ltd boosted its stake in Hamilton Lane by 375.9% during the first quarter. Covestor Ltd now owns 414 shares of the company’s stock worth $62,000 after acquiring an additional 327 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in Hamilton Lane during the first quarter worth about $72,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Down 0.1%

Shares of Hamilton Lane stock opened at $118.78 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. The stock has a market capitalization of $6.61 billion, a PE ratio of 22.84 and a beta of 1.20. Hamilton Lane Inc. has a 52-week low of $114.63 and a 52-week high of $203.72. The company has a 50-day simple moving average of $139.06 and a two-hundred day simple moving average of $147.46.

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

Hamilton Lane Dividend Announcement

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

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the transaction, the insider directly owned 330,015 shares of the company’s stock, valued at $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on HLNE. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. BMO Capital Markets began coverage on shares of Hamilton Lane in a research note on Friday, October 3rd. They set an “outperform” rating and a $150.00 price objective on the stock. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley dropped their price objective on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Finally, Oppenheimer set a $181.00 price objective on shares of Hamilton Lane and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.71.

Hamilton Lane Company Profile

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.