Hamilton Lane Inc. $HLNE Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,980 shares of the company’s stock after purchasing an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in Hamilton Lane were worth $1,134,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its stake in shares of Hamilton Lane by 5.7% in the second quarter. TD Asset Management Inc now owns 33,366 shares of the company’s stock valued at $4,742,000 after acquiring an additional 1,798 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Hamilton Lane by 116.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,144 shares of the company’s stock valued at $589,000 after acquiring an additional 2,232 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Hamilton Lane by 8.6% in the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock valued at $144,000 after acquiring an additional 80 shares in the last quarter. Maryland State Retirement & Pension System acquired a new stake in shares of Hamilton Lane in the second quarter valued at $276,000. Finally, Louisiana State Employees Retirement System raised its stake in shares of Hamilton Lane by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock valued at $1,734,000 after acquiring an additional 100 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HLNE has been the topic of several analyst reports. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Oppenheimer set a $181.00 price objective on Hamilton Lane and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Wells Fargo & Company increased their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group upgraded Hamilton Lane from a “sell” rating to a “neutral” rating and increased their price objective for the company from $149.00 to $162.00 in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.71.

Insider Activity

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the transaction, the insider owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 22.21% of the company’s stock.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $119.59 on Thursday. The firm has a market capitalization of $6.66 billion, a PE ratio of 23.00 and a beta of 1.20. The business’s fifty day moving average price is $140.59 and its 200 day moving average price is $147.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. Hamilton Lane Inc. has a 12 month low of $114.63 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.98 by $0.33. The firm had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.Hamilton Lane’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. On average, sell-side analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Friday, September 19th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.8%. Hamilton Lane’s dividend payout ratio (DPR) is presently 41.54%.

Hamilton Lane Company 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.