Spark Investment Management LLC Decreases Stake in Hamilton Lane Inc. (HLNE)
Spark Investment Management LLC lowered its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,000 shares of the company’s stock after selling 14,300 shares during the period. Spark Investment Management LLC’s holdings in Hamilton Lane were worth $791,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Henderson Group PLC bought a new position in Hamilton Lane during the first quarter valued at about $117,000. Wells Fargo & Company MN bought a new position in Hamilton Lane during the first quarter valued at about $131,000. SG Americas Securities LLC bought a new position in Hamilton Lane during the first quarter valued at about $194,000. Point72 Asia Hong Kong Ltd bought a new position in Hamilton Lane during the first quarter valued at about $202,000. Finally, Laurion Capital Management LP bought a new position in Hamilton Lane during the first quarter valued at about $207,000. Institutional investors own 61.74% of the company’s stock.
Shares of Hamilton Lane Inc. (HLNE) opened at 22.45 on Friday. The firm has a market capitalization of $432.50 million and a price-to-earnings ratio of 71.27. The stock’s 50 day moving average is $22.19 and its 200 day moving average is $20.28. Hamilton Lane Inc. has a 12 month low of $17.32 and a 12 month high of $24.00.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $52.70 million for the quarter, compared to the consensus estimate of $50.69 million. During the same period in the prior year, the business posted $0.30 earnings per share. Hamilton Lane’s revenue was up 33.2% compared to the same quarter last year. Equities research analysts forecast that Hamilton Lane Inc. will post $1.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, September 14th.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley restated an “overweight” rating and set a $23.00 price objective (down previously from $24.00) on shares of Hamilton Lane in a report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $21.00 target price on shares of Hamilton Lane in a research report on Friday, April 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.80.
Hamilton Lane Company Profile
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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