Y Intercept Hong Kong Ltd Has $2.36 Million Position in Hamilton Lane Inc. $HLNE

Y Intercept Hong Kong Ltd trimmed its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 58.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,478 shares of the company’s stock after selling 24,976 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hamilton Lane were worth $2,356,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its holdings in shares of Hamilton Lane by 920.0% during the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after acquiring an additional 184 shares in the last quarter. First Horizon Corp bought a new position in shares of Hamilton Lane in the third quarter valued at $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Hamilton Lane during the second quarter valued at about $33,000. Global Retirement Partners LLC increased its position in shares of Hamilton Lane by 126.4% during the third quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock worth $43,000 after acquiring an additional 177 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of 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 acquiring an additional 254 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Thursday, November 6th. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Finally, BMO Capital Markets began coverage on Hamilton Lane in a report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.38.

Insider Transactions at Hamilton Lane

In other news, CEO Juan Delgado-Moreira acquired 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average cost 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 represents a 0.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.21% of the stock is currently owned by company insiders.

Hamilton Lane Price Performance

NASDAQ HLNE traded down $0.76 during trading hours on Wednesday, hitting $146.60. The company had a trading volume of 10,339 shares, compared to its average volume of 450,627. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 26.56 and a beta of 1.30. Hamilton Lane Inc. has a 52 week low of $111.98 and a 52 week high of $179.19. The firm has a 50 day simple moving average of $136.26 and a 200 day simple moving average of $139.02. 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 (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share 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 business had revenue of $190.88 million for the quarter, compared to analyst estimates of $171.86 million. Equities research analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

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

About Hamilton Lane

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.