Public Employees Retirement System of Ohio Acquires New Position in Hamilton Lane Inc (HLNE)
Public Employees Retirement System of Ohio acquired a new stake in shares of Hamilton Lane Inc (NASDAQ:HLNE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,126 shares of the company’s stock, valued at approximately $1,749,000. Public Employees Retirement System of Ohio owned about 0.14% of Hamilton Lane at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Grandeur Peak Global Advisors LLC raised its stake in shares of Hamilton Lane by 68.8% during the third quarter. Grandeur Peak Global Advisors LLC now owns 246,068 shares of the company’s stock valued at $6,607,000 after acquiring an additional 100,300 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Hamilton Lane in the third quarter worth about $160,000. Royce & Associates LP raised its stake in Hamilton Lane by 2.7% in the third quarter. Royce & Associates LP now owns 166,016 shares of the company’s stock worth $4,458,000 after buying an additional 4,300 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Hamilton Lane by 6.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 54,840 shares of the company’s stock worth $1,473,000 after buying an additional 3,136 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Hamilton Lane by 44.2% in the third quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock worth $163,000 after buying an additional 1,900 shares in the last quarter. 27.93% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on HLNE. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price target on shares of Hamilton Lane in a research note on Thursday, September 28th. Zacks Investment Research raised shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Saturday, September 9th. Finally, Morgan Stanley increased their price target on shares of Hamilton Lane from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.00.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $51.20 million during the quarter, compared to the consensus estimate of $48.64 million. Hamilton Lane’s quarterly revenue was up 5.1% compared to the same quarter last year. analysts anticipate that Hamilton Lane Inc will post 1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, December 14th. Hamilton Lane’s dividend payout ratio is -46.05%.
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About Hamilton Lane
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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