328,183 Shares in Hamilton Lane Inc. $HLNE Bought by Norges Bank

Norges Bank acquired a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the second quarter, Holdings Channel reports. The fund acquired 328,183 shares of the company’s stock, valued at approximately $46,641,000.

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of Hamilton Lane by 8.6% in the 2nd quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock valued at $144,000 after purchasing an additional 80 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Hamilton Lane by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock worth $1,734,000 after purchasing an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in Hamilton Lane by 1.2% in the second quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock valued at $1,198,000 after buying an additional 100 shares during the last quarter. Vista Finance LLC raised its stake in Hamilton Lane by 4.1% during the second quarter. Vista Finance LLC now owns 2,568 shares of the company’s stock valued at $365,000 after buying an additional 100 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in Hamilton Lane by 1.3% during the 2nd quarter. New York State Teachers Retirement System now owns 7,980 shares of the company’s stock worth $1,134,000 after buying an additional 100 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hamilton Lane news, CEO Juan Delgado-Moreira bought 8,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were purchased 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 directly owned 1,314,447 shares in the company, valued at $171,338,166.45. The trade was 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. 22.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HLNE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $150.00 to $158.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. 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. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.29.

Hamilton Lane Stock Up 1.6%

Hamilton Lane stock opened at $125.20 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.49 and a current ratio of 3.49. Hamilton Lane Inc. has a one year low of $111.98 and a one year high of $185.96. The company has a 50-day simple moving average of $123.42 and a 200-day simple moving average of $141.17. The firm has a market capitalization of $6.99 billion, a P/E ratio of 22.68 and a beta of 1.33.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.46. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. The firm had revenue of $190.88 million for the quarter, compared to the consensus estimate of $171.86 million. As a group, equities analysts expect 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. Investors of record on Friday, December 19th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s dividend payout ratio is 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.