Squarepoint Ops LLC Buys Shares of 305,256 Hamilton Lane Inc. $HLNE

Squarepoint Ops LLC bought a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) in the second quarter, HoldingsChannel reports. The firm bought 305,256 shares of the company’s stock, valued at approximately $24,063,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Baird Financial Group Inc. purchased a new position in shares of Hamilton Lane during the 2nd quarter worth approximately $434,000. Allworth Financial LP lifted its stake in Hamilton Lane by 592.9% in the 2nd quarter. Allworth Financial LP now owns 1,171 shares of the company’s stock valued at $92,000 after buying an additional 1,002 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Hamilton Lane during the 2nd quarter valued at $1,269,000. California State Teachers Retirement System grew its holdings in Hamilton Lane by 7,651.1% during the 2nd quarter. California State Teachers Retirement System now owns 3,798,581 shares of the company’s stock valued at $299,442,000 after buying an additional 3,749,574 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new position in Hamilton Lane during the second quarter worth $687,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Down 1.8%

Shares of HLNE opened at $101.17 on Wednesday. The stock has a fifty day moving average of $94.20 and a two-hundred day moving average of $93.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49. The company has a market capitalization of $5.62 billion, a PE ratio of 15.42 and a beta of 1.19. Hamilton Lane Inc. has a fifty-two week low of $71.88 and a fifty-two week high of $155.66.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.41. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%.The business had revenue of $275.33 million for the quarter, compared to analysts’ expectations of $221.94 million. During the same quarter last year, the firm earned $1.47 earnings per share. The business’s revenue was up 56.5% on a year-over-year basis. As a group, analysts forecast that Hamilton Lane Inc. will post 7.25 EPS for the current year.

Hamilton Lane announced that its board has initiated a stock buyback program on Thursday, May 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, September 21st. This represents a $2.40 annualized dividend and a yield of 2.4%. Hamilton Lane’s dividend payout ratio is 36.59%.

Insider Activity

In other Hamilton Lane news, COO Andrea Kramer purchased 1,283 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the acquisition, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at $6,766,131. This represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Hartley R. Rogers acquired 38,290 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $78.49 per share, with a total value of $3,005,382.10. Following the purchase, the chairman owned 93,756 shares in the company, valued at approximately $7,358,908.44. The trade was a 69.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 23.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $94.00 price target on Hamilton Lane in a report on Monday, July 13th. Morgan Stanley decreased their price objective on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group cut their target price on shares of Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.57.

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.