Insider Buying: Hamilton Lane (NASDAQ:HLNE) CEO Acquires 8,000 Shares of Stock

Hamilton Lane Inc. (NASDAQ:HLNE) CEO Juan Delgado-Moreira acquired 8,000 shares of Hamilton Lane stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $130.35 per share, for a total transaction of $1,042,800.00. Following the acquisition, the chief executive officer owned 1,314,447 shares in the company, valued at approximately $171,338,166.45. This represents a 0.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hamilton Lane Trading Down 0.5%

Shares of NASDAQ HLNE traded down $0.69 during midday trading on Monday, hitting $130.35. The stock had a trading volume of 527,731 shares, compared to its average volume of 542,368. The firm has a market cap of $7.26 billion, a P/E ratio of 25.07 and a beta of 1.23. Hamilton Lane Inc. has a fifty-two week low of $111.98 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. The company’s 50-day simple moving average is $131.90 and its 200 day simple moving average is $146.09.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.46. The business had revenue of $190.88 million for the quarter, compared to analysts’ expectations of $171.86 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. Research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, December 19th. Hamilton Lane’s dividend payout ratio is currently 39.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HLNE. Morgan Stanley dropped their price objective on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Thursday. BMO Capital Markets started coverage on shares of Hamilton Lane in a research note on Friday, October 3rd. They issued an “outperform” rating and a $150.00 target price for the company. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings downgraded Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of “Moderate Buy” and an average target price of $159.29.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently made changes to their positions in the business. WPG Advisers LLC acquired a new stake in Hamilton Lane during the 1st quarter valued at $26,000. Cornerstone Planning Group LLC lifted its stake in shares of Hamilton Lane by 347.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after buying an additional 153 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Hamilton Lane by 920.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after buying an additional 184 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Finally, First Horizon Corp bought a new position in Hamilton Lane in the 3rd quarter valued at about $31,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Company 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.