BlackRock Inc. lifted its stake in shares of Hamilton Lane Inc (NASDAQ:HLNE) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,264,314 shares of the company’s stock after buying an additional 165,902 shares during the period. BlackRock Inc. owned about 2.52% of Hamilton Lane worth $46,780,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in HLNE. Bank of Montreal Can grew its position in Hamilton Lane by 17.4% in the 4th quarter. Bank of Montreal Can now owns 2,235 shares of the company’s stock worth $83,000 after purchasing an additional 332 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Hamilton Lane by 2.0% during the 4th quarter. Jennison Associates LLC now owns 17,889 shares of the company’s stock worth $662,000 after buying an additional 352 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of Hamilton Lane during the 4th quarter worth approximately $46,000. Teachers Advisors LLC boosted its stake in shares of Hamilton Lane by 5.9% in the 3rd quarter. Teachers Advisors LLC now owns 28,334 shares of the company’s stock worth $1,255,000 after buying an additional 1,581 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Hamilton Lane by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 80,985 shares of the company’s stock worth $3,586,000 after buying an additional 2,112 shares during the last quarter. Institutional investors and hedge funds own 44.05% of the company’s stock.
In other Hamilton Lane news, major shareholder Tara Devlin sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $43.04, for a total value of $430,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 53.71% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research downgraded Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded Hamilton Lane from a “c” rating to a “b-” rating in a report on Thursday, February 28th. Four equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $42.33.
NASDAQ HLNE opened at $45.08 on Friday. The firm has a market cap of $2.25 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.45 and a beta of 0.94. Hamilton Lane Inc has a one year low of $31.81 and a one year high of $54.59. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.42.
Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.22. The company had revenue of $66.00 million for the quarter, compared to the consensus estimate of $65.27 million. Hamilton Lane had a net margin of 14.85% and a return on equity of 66.32%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. As a group, sell-side analysts forecast that Hamilton Lane Inc will post 1.9 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, March 14th. Hamilton Lane’s dividend payout ratio is 51.83%.
Hamilton Lane Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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