New York State Common Retirement Fund raised its stake in Hamilton Lane Inc (NASDAQ:HLNE) by 1,126.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 181,522 shares of the company’s stock after purchasing an additional 166,722 shares during the quarter. New York State Common Retirement Fund owned 0.38% of Hamilton Lane worth $4,874,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in HLNE. Russell Investments Group Ltd. lifted its position in Hamilton Lane by 54.0% in the second quarter. Russell Investments Group Ltd. now owns 65,764 shares of the company’s stock valued at $1,446,000 after purchasing an additional 23,048 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new stake in Hamilton Lane in the second quarter valued at approximately $1,137,000. Rhumbline Advisers bought a new stake in Hamilton Lane in the second quarter valued at approximately $297,000. Bank of New York Mellon Corp bought a new stake in Hamilton Lane in the second quarter valued at approximately $943,000. Finally, Marshall Wace North America L.P. lifted its position in Hamilton Lane by 151.5% in the second quarter. Marshall Wace North America L.P. now owns 80,770 shares of the company’s stock valued at $1,777,000 after purchasing an additional 48,658 shares during the last quarter. Hedge funds and other institutional investors own 27.93% of the company’s stock.
Several brokerages have weighed in on HLNE. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price objective on shares of Hamilton Lane in a research report on Thursday, September 28th. Morgan Stanley boosted their target price on Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Hamilton Lane has an average rating of “Hold” and a consensus price target of $24.00.
Hamilton Lane Inc (HLNE) traded up $0.49 on Wednesday, hitting $37.38. The stock had a trading volume of 78,761 shares, compared to its average volume of 95,927. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.82. Hamilton Lane Inc has a 52-week low of $17.32 and a 52-week high of $38.33. The stock has a market capitalization of $1,750.00 and a PE ratio of -24.59.
Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $48.64 million. Hamilton Lane’s revenue was up 5.1% compared to the same quarter last year. analysts forecast that Hamilton Lane Inc will post 1.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a dividend of $0.175 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.70 annualized dividend and a dividend yield of 1.87%. Hamilton Lane’s dividend payout ratio (DPR) is presently -46.05%.
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Hamilton Lane 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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