Hamilton Lane Inc. $HLNE Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd grew its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 47.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 21,361 shares of the company’s stock after buying an additional 6,908 shares during the period. WINTON GROUP Ltd’s holdings in Hamilton Lane were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after buying an additional 179 shares during the last quarter. Advisory Services Network LLC bought a new position in Hamilton Lane in the 3rd quarter worth approximately $26,000. Parallel Advisors LLC increased its position in Hamilton Lane by 81.2% in the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 108 shares during the period. IFP Advisors Inc increased its position in Hamilton Lane by 332.0% in the 2nd quarter. IFP Advisors Inc now owns 419 shares of the company’s stock valued at $33,000 after acquiring an additional 322 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HLNE shares. Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. BMO Capital Markets set a $94.00 price objective on shares of Hamilton Lane in a research note on Monday, July 13th. JPMorgan Chase & Co. reduced their price objective on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a report on Monday, May 18th. Finally, UBS Group increased their target price on shares of Hamilton Lane from $114.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Hamilton Lane currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.57.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $95.98 on Friday. Hamilton Lane Inc. has a 1 year low of $71.88 and a 1 year high of $155.66. The firm has a market cap of $5.33 billion, a P/E ratio of 14.63 and a beta of 1.19. The stock has a fifty day moving average price of $95.25 and a two-hundred day moving average price of $93.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.41. The company had revenue of $275.33 million for the quarter, compared to the consensus estimate of $221.94 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%.The company’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 EPS. Research analysts forecast that Hamilton Lane Inc. will post 7.25 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st will be given a $0.60 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.40 annualized dividend and a yield of 2.5%. Hamilton Lane’s payout ratio is 36.59%.

Hamilton Lane declared that its board has authorized a stock buyback plan on Thursday, May 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

About Hamilton Lane

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company provides investment solutions and advisory services across private equity, private credit, venture capital, infrastructure, real estate and other alternative investment strategies.

Its offerings include customized separate accounts, commingled funds, specialized funds and direct investment programs. Hamilton Lane also provides portfolio management, investment monitoring, due diligence, asset allocation and related advisory services to institutional investors, financial intermediaries and private wealth clients.

Founded in 1991, Hamilton Lane serves clients internationally through operations spanning North America, Europe, Asia-Pacific and the Middle East.