XTX Topco Ltd Invests $231,000 in Hamilton Lane Incorporated (NASDAQ:HLNE)

XTX Topco Ltd purchased a new position in Hamilton Lane Incorporated (NASDAQ:HLNE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,869 shares of the company’s stock, valued at approximately $231,000.

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

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $166.67 on Friday. 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 business’s 50-day simple moving average is $147.81 and its two-hundred day simple moving average is $128.63. The stock has a market cap of $9.00 billion, a PE ratio of 45.17 and a beta of 1.18. Hamilton Lane Incorporated has a 52 week low of $78.66 and a 52 week high of $169.01.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, analysts forecast 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 given a $0.49 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.18%. Hamilton Lane’s dividend payout ratio is currently 53.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HLNE shares. JPMorgan Chase & Co. raised their price target 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 raised their target price on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. UBS Group raised their target price on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company initiated coverage on Hamilton Lane in a report on Thursday, September 12th. They issued 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, the stock has an average rating of “Hold” and a consensus target price of $142.20.

About Hamilton Lane

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.