Portside Wealth Group LLC Grows Position in Hamilton Lane Inc. $HLNE

Portside Wealth Group LLC boosted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 31.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,609 shares of the company’s stock after buying an additional 619 shares during the period. Portside Wealth Group LLC’s holdings in Hamilton Lane were worth $371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in shares of Hamilton Lane during the first quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its stake in Hamilton Lane by 920.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after purchasing an additional 184 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Hamilton Lane during the 2nd quarter worth $33,000. Geneos Wealth Management Inc. grew its position in Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares during the last quarter. Finally, Covestor Ltd grew its position in Hamilton Lane by 375.9% during the 1st quarter. Covestor Ltd now owns 414 shares of the company’s stock worth $62,000 after purchasing an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Up 0.0%

Shares of Hamilton Lane stock opened at $125.27 on Thursday. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 24.09 and a beta of 1.23. Hamilton Lane Inc. has a 52-week low of $111.98 and a 52-week high of $203.63. The company’s 50-day simple moving average is $129.36 and its 200-day simple moving average is $144.94. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. The firm had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. As a group, equities research analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be given a $0.54 dividend. The ex-dividend date is Friday, December 19th. This represents a $2.16 annualized dividend and a yield of 1.7%. Hamilton Lane’s dividend payout ratio is presently 39.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. BMO Capital Markets started coverage on Hamilton Lane in a research report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target on the stock. The Goldman Sachs Group raised Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, November 6th. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Oppenheimer set a $181.00 target price on Hamilton Lane and gave the company an “outperform” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Moderate Buy” and an average target price of $159.29.

Insider Buying and Selling at Hamilton Lane

In related news, CEO Juan Delgado-Moreira bought 8,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $130.35 per share, for a total transaction of $1,042,800.00. Following the transaction, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder River 5 Ltd French sold 150,000 shares of the business’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 sale, the insider directly owned 330,015 shares in the company, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 22.21% of the company’s stock.

About Hamilton Lane

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.