Quantbot Technologies LP Invests $961,000 in Hamilton Lane Inc. $HLNE

Quantbot Technologies LP acquired a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,127 shares of the company’s stock, valued at approximately $961,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Champlain Investment Partners LLC increased its holdings in Hamilton Lane by 36.7% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock worth $147,512,000 after purchasing an additional 278,630 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of Hamilton Lane by 0.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company’s stock valued at $92,493,000 after buying an additional 5,130 shares during the period. Raymond James Financial Inc. grew its position in shares of Hamilton Lane by 70.2% during the second quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock worth $54,499,000 after buying an additional 158,219 shares in the last quarter. Norges Bank acquired a new position in shares of Hamilton Lane during the second quarter worth about $46,641,000. Finally, Artisan Partners Limited Partnership increased its stake in shares of Hamilton Lane by 24.8% during the third quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock worth $42,878,000 after buying an additional 63,220 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Down 3.1%

Shares of NASDAQ:HLNE opened at $106.57 on Friday. The company has a market capitalization of $5.94 billion, a PE ratio of 19.13 and a beta of 1.32. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. Hamilton Lane Inc. has a twelve month low of $98.00 and a twelve month high of $179.19. The firm has a 50 day simple moving average of $132.30 and a 200-day simple moving average of $132.81.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm had revenue of $198.59 million for the quarter, compared to the consensus estimate of $195.36 million. During the same period last year, the firm posted $1.25 EPS. The company’s revenue was up 18.0% on a year-over-year basis. On average, equities analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HLNE. UBS Group reduced their target price on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Zacks Research raised shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Morgan Stanley set a $159.00 target price on shares of Hamilton Lane in a research note on Tuesday, January 27th. Finally, Oppenheimer raised their price target on Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Hamilton Lane currently has a consensus rating of “Moderate Buy” and an average target price of $169.00.

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.