Caitong International Asset Management Co. Ltd Takes Position in Hamilton Lane Inc. $HLNE

Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 235 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of Hamilton Lane during the 1st quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Hamilton Lane during the 1st quarter valued at $33,000. Geneos Wealth Management Inc. raised its position in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after buying an additional 254 shares in the last quarter. Covestor Ltd raised its position in shares of Hamilton Lane by 375.9% during the 1st quarter. Covestor Ltd now owns 414 shares of the company’s stock valued at $62,000 after buying an additional 327 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Hamilton Lane during the 1st quarter valued at $72,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HLNE. Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Morgan Stanley decreased their target price on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Weiss Ratings cut shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Finally, Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $157.71.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $118.78 on Monday. The firm has a market cap of $6.61 billion, a PE ratio of 22.84 and a beta of 1.20. Hamilton Lane Inc. has a 12-month low of $114.63 and a 12-month high of $203.72. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $139.06 and its two-hundred day simple moving average is $147.46.

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

Hamilton Lane Dividend Announcement

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

Insider Transactions at Hamilton Lane

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

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.