Cubist Systematic Strategies LLC Acquires Shares of 47,941 Hamilton Lane Incorporated (NASDAQ:HLNE)

Cubist Systematic Strategies LLC acquired a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,941 shares of the company’s stock, valued at approximately $5,925,000. Cubist Systematic Strategies LLC owned 0.09% of Hamilton Lane as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of HLNE. Covestor Ltd increased its stake in Hamilton Lane by 14,900.0% in the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after buying an additional 298 shares during the period. Signaturefd LLC boosted its position in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after purchasing an additional 358 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Hamilton Lane during the 1st quarter worth $89,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Hamilton Lane during the 1st quarter worth $134,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company started coverage on shares of Hamilton Lane in a research report on Thursday, September 12th. They set an “equal weight” rating and a $156.00 target price on the stock. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $142.20.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $166.67 on Friday. Hamilton Lane Incorporated has a 52 week low of $78.66 and a 52 week high of $169.01. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $147.81 and its 200 day simple moving average is $128.49. The firm has a market capitalization of $9.00 billion, a PE ratio of 45.17 and a beta of 1.18.

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

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.18%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s payout ratio is 53.12%.

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.