Arrowstreet Capital Limited Partnership bought a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,800 shares of the company’s stock, valued at approximately $303,000. Arrowstreet Capital Limited Partnership owned 0.07% of Hamilton Lane at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in HLNE. Wells Fargo & Company MN purchased a new position in shares of Hamilton Lane in the 1st quarter worth about $131,000. Nationwide Fund Advisors lifted its stake in shares of Hamilton Lane by 84.5% in the 2nd quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock valued at $178,000 after acquiring an additional 3,710 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Hamilton Lane in the 1st quarter valued at about $194,000. Rhumbline Advisers bought a new stake in shares of Hamilton Lane in the 2nd quarter valued at about $297,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Hamilton Lane in the 2nd quarter valued at about $325,000. Institutional investors own 27.08% of the company’s stock.
Shares of Hamilton Lane Inc. (NASDAQ:HLNE) traded up $0.27 on Friday, reaching $30.97. The company’s stock had a trading volume of 58,100 shares, compared to its average volume of 172,715. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.86. Hamilton Lane Inc. has a 1-year low of $17.32 and a 1-year high of $31.21.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $51.20 million for the quarter, compared to the consensus estimate of $48.64 million. Hamilton Lane’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts expect that Hamilton Lane Inc. will post 1.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a yield of 2.26%.
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A number of equities research analysts have recently weighed in on HLNE shares. Morgan Stanley lowered Hamilton Lane from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $25.00 to $28.00 in a research note on Thursday, October 5th. Zacks Investment Research lowered Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of Hamilton Lane in a research report on Thursday, September 28th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.00.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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