HRT Financial LP Purchases New Stake in Hamilton Lane Inc. $HLNE

HRT Financial LP acquired a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 134,649 shares of the company’s stock, valued at approximately $19,136,000.

Several other large investors also recently modified their holdings of the business. WPG Advisers LLC bought a new position in Hamilton Lane during the 1st quarter valued at approximately $26,000. Parkside Financial Bank & Trust lifted its stake in Hamilton Lane by 920.0% in the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after acquiring an additional 184 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Hamilton Lane during the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. raised its holdings in Hamilton Lane by 196.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Hamilton Lane by 8.6% in the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock worth $144,000 after buying an additional 80 shares during the period. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on HLNE shares. Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, November 6th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings cut Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, Oppenheimer set a $181.00 price objective on shares of Hamilton Lane and gave the company an “outperform” rating in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.13.

Hamilton Lane Trading Down 2.3%

Shares of Hamilton Lane stock opened at $130.19 on Friday. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 23.59 and a beta of 1.33. Hamilton Lane Inc. has a twelve month low of $111.98 and a twelve month high of $179.19. The business has a 50-day moving average price of $123.30 and a 200-day moving average price of $140.15.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results 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 analysts’ expectations 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 fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is presently 39.13%.

Insider Buying and Selling at Hamilton Lane

In other Hamilton Lane news, CEO Juan Delgado-Moreira purchased 8,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the acquisition, the chief executive officer owned 1,314,447 shares in the company, valued at approximately $171,338,166.45. The trade was a 0.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 22.21% of the stock is currently owned by company insiders.

Hamilton Lane 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.