Putnam Investments LLC Has $9.44 Million Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Putnam Investments LLC lifted its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,556 shares of the company’s stock after purchasing an additional 669 shares during the quarter. Putnam Investments LLC owned 0.24% of Hamilton Lane worth $9,437,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new position in Hamilton Lane during the fourth quarter worth $32,000. US Bancorp DE raised its stake in Hamilton Lane by 71.5% during the first quarter. US Bancorp DE now owns 523 shares of the company’s stock worth $39,000 after acquiring an additional 218 shares in the last quarter. FMR LLC raised its stake in Hamilton Lane by 44.6% during the second quarter. FMR LLC now owns 600 shares of the company’s stock worth $40,000 after acquiring an additional 185 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Hamilton Lane by 321.4% during the first quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock worth $48,000 after acquiring an additional 466 shares in the last quarter. Finally, State of Wyoming raised its stake in Hamilton Lane by 21.0% during the fourth quarter. State of Wyoming now owns 1,171 shares of the company’s stock worth $75,000 after acquiring an additional 203 shares in the last quarter. 67.13% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $91.94 on Friday. The business’s 50-day simple moving average is $89.72 and its 200 day simple moving average is $78.31. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 31.59 and a beta of 1.12. Hamilton Lane Incorporated has a 12-month low of $55.81 and a 12-month high of $94.33. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.31.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.08. The business had revenue of $125.04 million for the quarter, compared to analysts’ expectations of $115.79 million. Hamilton Lane had a return on equity of 33.99% and a net margin of 22.93%. As a group, research analysts anticipate that Hamilton Lane Incorporated will post 3.88 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, September 14th. Hamilton Lane’s dividend payout ratio is 61.17%.

Insiders Place Their Bets

In other Hamilton Lane news, insider Atul Varma sold 459 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.25, for a total transaction of $42,342.75. Following the transaction, the insider now owns 8,786 shares in the company, valued at $810,508.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 26.82% of the company’s stock.

Analyst Ratings Changes

HLNE has been the subject of several recent analyst reports. UBS Group increased their price objective on Hamilton Lane from $75.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 19th. Morgan Stanley increased their target price on Hamilton Lane from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, August 3rd. Wells Fargo & Company increased their target price on Hamilton Lane from $77.00 to $87.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. JPMorgan Chase & Co. increased their target price on Hamilton Lane from $96.00 to $102.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Finally, Oppenheimer increased their target price on Hamilton Lane from $93.00 to $97.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Hamilton Lane has a consensus rating of “Hold” and a consensus target price of $92.00.

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.