Quantbot Technologies LP Grows Stock Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Quantbot Technologies LP boosted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 133.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,858 shares of the company’s stock after buying an additional 14,203 shares during the period. Quantbot Technologies LP’s holdings in Hamilton Lane were worth $3,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in Hamilton Lane in the fourth quarter worth $26,000. Covestor Ltd increased its stake in Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after purchasing an additional 298 shares during the period. Signaturefd LLC increased its stake in Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares during the period. Fifth Third Bancorp increased its stake in Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after purchasing an additional 358 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in Hamilton Lane in the first quarter worth $89,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

HLNE stock opened at $153.23 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The business has a 50-day moving average price of $142.41 and a 200 day moving average price of $125.07. The company has a market capitalization of $8.28 billion, a P/E ratio of 41.53 and a beta of 1.18. Hamilton Lane Incorporated has a 1-year low of $78.66 and a 1-year high of $161.19.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The firm had revenue of $196.73 million during the quarter, compared to the consensus estimate of $149.84 million. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts forecast that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be paid a $0.49 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.28%. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of recent analyst reports. UBS Group increased their target price on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. increased their target price on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company started coverage on Hamilton Lane in a report on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price objective for the company. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.20.

Hamilton Lane Company 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.