Lecap Asset Management Ltd. Makes New $774,000 Investment in Hamilton Lane Inc. $HLNE

Lecap Asset Management Ltd. bought a new position in Hamilton Lane Inc. (NASDAQ:HLNE) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 5,744 shares of the company’s stock, valued at approximately $774,000.

A number of other large investors have also recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in Hamilton Lane by 325.2% in the third quarter. SG Americas Securities LLC now owns 11,175 shares of the company’s stock worth $1,506,000 after buying an additional 8,547 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in Hamilton Lane by 4.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 8,800 shares of the company’s stock valued at $1,190,000 after acquiring an additional 400 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Hamilton Lane by 126.4% during the 3rd quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock worth $43,000 after acquiring an additional 177 shares during the period. Presilium Private Wealth LLC bought a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $610,000. Finally, Diversified Trust Co raised its position in shares of Hamilton Lane by 39.9% in the 3rd quarter. Diversified Trust Co now owns 11,611 shares of the company’s stock worth $1,565,000 after acquiring an additional 3,313 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Insider Activity at Hamilton Lane

In other Hamilton Lane news, CEO Juan Delgado-Moreira bought 8,000 shares of Hamilton Lane stock in a transaction on Friday, November 7th. The stock was acquired 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. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.21% of the company’s stock.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $146.70 on Friday. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 26.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.49 and a current ratio of 3.49. Hamilton Lane Inc. has a one year low of $111.98 and a one year high of $179.19. The company’s 50-day moving average is $130.13 and its 200 day moving average is $138.70.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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 net margin of 31.12% and a return on equity of 29.43%. Sell-side analysts expect that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently weighed in on HLNE. BMO Capital Markets initiated coverage on Hamilton Lane in a research note on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target on the stock. UBS Group started coverage on shares of Hamilton Lane in a research report on Thursday, December 11th. They issued a “buy” rating and a $166.00 target price on the stock. Weiss Ratings lowered shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.63.

Hamilton Lane Company Profile

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.