Hamilton Lane Inc. $HLNE Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,200 shares of the company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Hamilton Lane were worth $1,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLNE. UMB Bank n.a. boosted its stake in Hamilton Lane by 270.3% during the first quarter. UMB Bank n.a. now owns 474 shares of the company’s stock worth $70,000 after buying an additional 346 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Hamilton Lane by 41.9% during the first quarter. Park Avenue Securities LLC now owns 3,687 shares of the company’s stock worth $548,000 after buying an additional 1,088 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Hamilton Lane by 1.4% during the first quarter. Yousif Capital Management LLC now owns 14,780 shares of the company’s stock worth $2,197,000 after buying an additional 202 shares during the last quarter. GAMMA Investing LLC boosted its stake in Hamilton Lane by 65.8% during the first quarter. GAMMA Investing LLC now owns 920 shares of the company’s stock worth $137,000 after buying an additional 365 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Hamilton Lane by 133.6% during the first quarter. SG Americas Securities LLC now owns 1,974 shares of the company’s stock worth $293,000 after buying an additional 1,129 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Price Performance

HLNE opened at $118.26 on Friday. The stock’s 50-day moving average price is $146.19 and its 200 day moving average price is $148.96. Hamilton Lane Inc. has a 12-month low of $114.63 and a 12-month high of $203.72. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 22.74 and a beta of 1.20.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same quarter in the prior year, the company earned $1.47 EPS. Hamilton Lane’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Friday, September 19th were issued a dividend of $0.54 per share. The ex-dividend date was Friday, September 19th. This represents a $2.16 annualized dividend and a yield of 1.8%. Hamilton Lane’s dividend payout ratio is 41.54%.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider owned 330,015 shares in the company, valued at $48,350,497.65. This represents a 31.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HLNE. The Goldman Sachs Group raised Hamilton Lane from a “sell” rating to a “neutral” rating and upped their price target for the company from $149.00 to $162.00 in a research note on Thursday, September 18th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $160.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. BMO Capital Markets began coverage on Hamilton Lane in a research note on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target on the stock. Wells Fargo & Company upped their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.38.

Hamilton Lane Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.