Magnetar Financial LLC Takes Position in Hamilton Lane Inc. $HLNE

Magnetar Financial LLC purchased a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,778 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HLNE. CWM LLC boosted its stake in Hamilton Lane by 18.2% during the 1st quarter. CWM LLC now owns 611 shares of the company’s stock valued at $91,000 after purchasing an additional 94 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Hamilton Lane during the first quarter valued at $1,454,000. Avantax Advisory Services Inc. boosted its position in shares of Hamilton Lane by 11.2% during the first quarter. Avantax Advisory Services Inc. now owns 8,280 shares of the company’s stock valued at $1,231,000 after buying an additional 834 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Hamilton Lane by 73.1% during the first quarter. Cetera Investment Advisers now owns 4,682 shares of the company’s stock valued at $696,000 after buying an additional 1,977 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Hamilton Lane by 2.6% in the 1st quarter. Assetmark Inc. now owns 10,287 shares of the company’s stock worth $1,529,000 after buying an additional 265 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Oppenheimer set a $181.00 target price on shares of Hamilton Lane and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings cut shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $150.00 to $158.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Morgan Stanley decreased their target price on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus target price of $159.29.

Insider Activity

In related news, CEO Juan Delgado-Moreira acquired 8,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the transaction, the insider directly owned 330,015 shares in the company, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 22.21% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $122.41 on Thursday. Hamilton Lane Inc. has a 12-month low of $111.98 and a 12-month high of $200.79. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 23.54 and a beta of 1.23. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $126.68 and a 200 day moving average of $143.59.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.46. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The business had revenue of $190.88 million for the quarter, compared to the consensus estimate of $171.86 million. On average, research analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s payout ratio is currently 39.13%.

Hamilton Lane 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.