VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Hamilton Lane Inc. $HLNE

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,100 shares of the company’s stock, valued at approximately $1,269,000.

Other hedge funds also recently bought and sold shares of the company. Jefferies Financial Group Inc. lifted its holdings in shares of Hamilton Lane by 145.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock worth $13,195,000 after acquiring an additional 58,291 shares during the last quarter. Sei Investments Co. increased its holdings in Hamilton Lane by 37.4% in the 1st quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock valued at $40,399,000 after purchasing an additional 110,617 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Hamilton Lane by 126.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 22,210 shares of the company’s stock valued at $2,983,000 after purchasing an additional 12,396 shares during the last quarter. GW&K Investment Management LLC purchased a new stake in Hamilton Lane in the fourth quarter valued at approximately $33,534,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Hamilton Lane by 40,591.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 37,843 shares of the company’s stock valued at $5,083,000 after purchasing an additional 37,750 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $95.98 on Friday. The business has a 50-day simple moving average of $95.25 and a 200-day simple moving average of $93.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49. Hamilton Lane Inc. has a one year low of $71.88 and a one year high of $155.66. The company has a market cap of $5.33 billion, a PE ratio of 14.63 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm had revenue of $275.33 million for the quarter, compared to analysts’ expectations of $221.94 million. During the same quarter last year, the company earned $1.47 earnings per share. The firm’s revenue was up 56.5% compared to the same quarter last year. On average, equities research analysts forecast that Hamilton Lane Inc. will post 7.25 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Monday, September 21st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, September 21st. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.59%.

Hamilton Lane declared that its Board of Directors has approved a share repurchase program on Thursday, May 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

HLNE has been the subject of several research analyst reports. Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Morgan Stanley cut their price target on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. BMO Capital Markets set a $94.00 price objective on shares of Hamilton Lane in a research note on Monday, July 13th. Finally, Zacks Research upgraded shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus target price of $131.57.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company provides investment solutions and advisory services across private equity, private credit, venture capital, infrastructure, real estate and other alternative investment strategies.

Its offerings include customized separate accounts, commingled funds, specialized funds and direct investment programs. Hamilton Lane also provides portfolio management, investment monitoring, due diligence, asset allocation and related advisory services to institutional investors, financial intermediaries and private wealth clients.

Founded in 1991, Hamilton Lane serves clients internationally through operations spanning North America, Europe, Asia-Pacific and the Middle East.