Kornitzer Capital Management Inc. KS Sells 30,055 Shares of Hamilton Lane Inc. $HLNE

Kornitzer Capital Management Inc. KS lowered its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 42.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,138 shares of the company’s stock after selling 30,055 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.07% of Hamilton Lane worth $5,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Hamilton Lane in the 2nd quarter valued at $46,641,000. Champlain Investment Partners LLC boosted its holdings in Hamilton Lane by 36.7% during the second quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock valued at $147,512,000 after purchasing an additional 278,630 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Hamilton Lane by 70.2% in the 2nd quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock valued at $54,499,000 after purchasing an additional 158,219 shares during the period. HRT Financial LP acquired a new position in shares of Hamilton Lane in the 2nd quarter worth approximately $19,136,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Hamilton Lane during the 2nd quarter worth approximately $19,028,000. Institutional investors own 97.40% of the company’s stock.

Insider Activity at Hamilton Lane

In related news, CEO Juan Delgado-Moreira acquired 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the acquisition, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This trade represents a 0.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 22.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on HLNE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report 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 research report on Thursday, November 6th. Morgan Stanley set a $159.00 price objective on shares of Hamilton Lane in a research note on Tuesday. Finally, BMO Capital Markets started coverage on shares of Hamilton Lane in a research note on Friday, October 3rd. They issued an “outperform” rating and a $150.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $169.38.

Hamilton Lane Stock Down 0.5%

Shares of HLNE opened at $147.36 on Wednesday. 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 52 week low of $111.98 and a 52 week high of $179.19. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 26.70 and a beta of 1.30. The business’s fifty day moving average price is $136.26 and its two-hundred day moving average price is $139.02.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%.The firm had revenue of $190.88 million during the quarter, compared to analyst estimates of $171.86 million. On average, analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

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

Hamilton Lane 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.