WINTON GROUP Ltd grew its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE – Free Report) by 47.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,361 shares of the company’s stock after acquiring an additional 6,908 shares during the quarter. WINTON GROUP Ltd’s holdings in Hamilton Lane were worth $1,684,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of HLNE. Jefferies Financial Group Inc. boosted its holdings in shares of Hamilton Lane by 145.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock valued at $13,195,000 after purchasing an additional 58,291 shares during the last quarter. Sei Investments Co. grew its holdings in Hamilton Lane by 37.4% during the 1st quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock valued at $40,399,000 after purchasing an additional 110,617 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Hamilton Lane by 126.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 22,210 shares of the company’s stock valued at $2,983,000 after buying an additional 12,396 shares during the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Hamilton Lane during the fourth quarter valued at about $33,534,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Hamilton Lane by 40,591.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 37,843 shares of the company’s stock worth $5,083,000 after acquiring an additional 37,750 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
Hamilton Lane Stock Up 0.2%
Shares of NASDAQ:HLNE opened at $95.98 on Friday. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 14.63 and a beta of 1.19. Hamilton Lane Inc. has a 1-year low of $71.88 and a 1-year high of $155.66. The company’s fifty day moving average is $95.25 and its two-hundred day moving average is $93.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49.
Hamilton Lane declared that its Board of Directors has approved a share buyback program on Thursday, May 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Hamilton Lane Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. Hamilton Lane’s dividend payout ratio (DPR) is 36.59%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on HLNE. The Goldman Sachs Group reduced their target price on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. UBS Group upped their price target on shares of Hamilton Lane from $114.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Morgan Stanley reduced their price objective on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. JPMorgan Chase & Co. decreased their price objective on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a report on Monday, May 18th. Finally, BMO Capital Markets set a $94.00 target price on shares of Hamilton Lane in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.57.
Read Our Latest Report on HLNE
About Hamilton Lane
Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company provides investment solutions and advisory services across private equity, private credit, venture capital, infrastructure, real estate and other alternative investment strategies.
Its offerings include customized separate accounts, commingled funds, specialized funds and direct investment programs. Hamilton Lane also provides portfolio management, investment monitoring, due diligence, asset allocation and related advisory services to institutional investors, financial intermediaries and private wealth clients.
Founded in 1991, Hamilton Lane serves clients internationally through operations spanning North America, Europe, Asia-Pacific and the Middle East.
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