Versor Investments LP Makes New Investment in Hamilton Lane Inc. $HLNE

Versor Investments LP purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,732 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors have also modified their holdings of HLNE. Geneva Capital Management LLC lifted its holdings in Hamilton Lane by 5.9% in the second quarter. Geneva Capital Management LLC now owns 272,519 shares of the company’s stock worth $38,730,000 after acquiring an additional 15,262 shares during the last quarter. Amalgamated Bank raised its position in shares of Hamilton Lane by 11.8% during the 2nd quarter. Amalgamated Bank now owns 21,183 shares of the company’s stock worth $3,011,000 after purchasing an additional 2,242 shares during the period. Atria Investments Inc lifted its holdings in shares of Hamilton Lane by 251.6% in the 2nd quarter. Atria Investments Inc now owns 12,902 shares of the company’s stock worth $1,834,000 after purchasing an additional 9,233 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Hamilton Lane by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 52,968 shares of the company’s stock worth $7,528,000 after purchasing an additional 222 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Hamilton Lane during the 2nd quarter valued at approximately $6,034,000. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the business’s stock in a transaction that occurred 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 directly owned 330,015 shares in the company, valued at $48,350,497.65. The trade was a 31.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 22.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on HLNE shares. BMO Capital Markets started coverage on Hamilton Lane in a research report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 target price on the stock. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $150.00 to $158.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Wells Fargo & Company upped 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus target price of $159.29.

Hamilton Lane Stock Up 3.1%

HLNE stock opened at $127.85 on Friday. The firm’s 50-day moving average is $132.84 and its two-hundred day moving average is $146.13. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 24.59 and a beta of 1.23. Hamilton Lane Inc. has a 52 week low of $111.98 and a 52 week 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.

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

Hamilton Lane Dividend Announcement

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

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.