Fmr LLC increased its holdings in shares of Hamilton Lane Inc (NASDAQ:HLNE) by 366.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,134,043 shares of the company’s stock after purchasing an additional 1,676,343 shares during the period. Fmr LLC’s holdings in Hamilton Lane were worth $102,370,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of HLNE. Renaissance Technologies LLC boosted its stake in Hamilton Lane by 60.4% during the 2nd quarter. Renaissance Technologies LLC now owns 794,400 shares of the company’s stock worth $38,107,000 after purchasing an additional 299,000 shares during the period. BlackRock Inc. boosted its stake in Hamilton Lane by 32.4% during the 1st quarter. BlackRock Inc. now owns 1,012,796 shares of the company’s stock worth $37,706,000 after purchasing an additional 247,614 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Hamilton Lane during the 2nd quarter worth $7,010,000. First Trust Advisors LP acquired a new stake in Hamilton Lane during the 2nd quarter worth $3,518,000. Finally, TPG Group Holdings SBS Advisors Inc. boosted its stake in Hamilton Lane by 4.8% during the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,154,367 shares of the company’s stock worth $55,375,000 after purchasing an additional 52,414 shares during the period. Hedge funds and other institutional investors own 38.41% of the company’s stock.
Shares of Hamilton Lane stock opened at $37.79 on Friday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.49 and a beta of 1.60. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.58. Hamilton Lane Inc has a one year low of $30.52 and a one year high of $54.59.
Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.12. The company had revenue of $55.83 million during the quarter, compared to the consensus estimate of $65.90 million. Hamilton Lane had a net margin of 10.41% and a return on equity of 72.00%. Hamilton Lane’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities research analysts forecast that Hamilton Lane Inc will post 1.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 14th will be given a dividend of $0.2125 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.85 dividend on an annualized basis and a yield of 2.25%. Hamilton Lane’s payout ratio is currently 51.83%.
A number of analysts recently weighed in on the stock. ValuEngine cut shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. JPMorgan Chase & Co. downgraded shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $48.00 to $38.00 in a research report on Thursday, November 1st. Finally, Morgan Stanley cut their price objective on shares of Hamilton Lane from $49.00 to $48.00 and set a “hold” rating for the company in a research report on Tuesday, October 9th.
In other news, major shareholder Oakville Number 2 Trust sold 100,000 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $47.26, for a total value of $4,726,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Hartley R. Rogers sold 28,087 shares of the stock in a transaction dated 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. 53.71% of the stock is currently owned by corporate insiders.
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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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