Credit Suisse AG lifted its stake in Hamilton Lane Inc (NASDAQ:HLNE) by 65.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,899 shares of the company’s stock after buying an additional 5,506 shares during the period. Credit Suisse AG’s holdings in Hamilton Lane were worth $615,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in HLNE. Rhumbline Advisers lifted its stake in shares of Hamilton Lane by 19.9% in the second quarter. Rhumbline Advisers now owns 14,467 shares of the company’s stock worth $694,000 after acquiring an additional 2,402 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Hamilton Lane by 5.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 80,869 shares of the company’s stock valued at $3,880,000 after buying an additional 4,249 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Hamilton Lane during the second quarter valued at approximately $206,000. BlackRock Inc. raised its stake in Hamilton Lane by 11.8% during the second quarter. BlackRock Inc. now owns 1,132,167 shares of the company’s stock valued at $54,309,000 after buying an additional 119,371 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Hamilton Lane during the second quarter valued at approximately $7,010,000. Institutional investors and hedge funds own 42.70% of the company’s stock.
Shares of Hamilton Lane stock opened at $35.64 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.19 and a current ratio of 2.19. The company has a market cap of $1.81 billion, a PE ratio of 21.86, a P/E/G ratio of 1.42 and a beta of 1.15. Hamilton Lane Inc has a twelve month low of $30.52 and a twelve month high of $54.59.
Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $55.83 million for the quarter, compared to analysts’ expectations of $65.90 million. Hamilton Lane had a return on equity of 67.76% and a net margin of 10.41%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. As a group, research analysts expect that Hamilton Lane Inc will post 1.69 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, January 7th. Stockholders of record on Friday, December 14th were given a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Thursday, December 13th. Hamilton Lane’s payout ratio is 51.83%.
HLNE has been the topic of several research reports. JPMorgan Chase & Co. cut Hamilton Lane from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $48.00 to $38.00 in a research note on Thursday, November 1st. Morgan Stanley cut their price objective on Hamilton Lane from $49.00 to $48.00 and set a “hold” rating on the stock in a research note on Tuesday, October 9th. ValuEngine cut Hamilton Lane from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th.
In related news, Vice Chairman Juan Delgado-Moreira purchased 21,450 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were acquired at an average cost of $37.04 per share, for a total transaction of $794,508.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leslie F. Varon sold 1,070 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $38.61, for a total value of $41,312.70. The disclosure for this sale can be found here. 53.71% of the stock is currently owned by corporate insiders.
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Hamilton Lane Company Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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