MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 1,743 Shares of Hamilton Lane Inc. $HLNE

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,615 shares of the company’s stock after purchasing an additional 1,743 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Hamilton Lane were worth $3,511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HLNE. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Hamilton Lane during the 1st quarter worth $432,772,000. Champlain Investment Partners LLC bought a new stake in shares of Hamilton Lane during the 1st quarter worth $112,887,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Hamilton Lane by 63.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company’s stock worth $189,555,000 after buying an additional 494,637 shares during the last quarter. Nuveen LLC bought a new stake in shares of Hamilton Lane during the 1st quarter worth $24,334,000. Finally, GAMMA Investing LLC lifted its position in shares of Hamilton Lane by 24,544.3% during the 1st quarter. GAMMA Investing LLC now owns 136,776 shares of the company’s stock worth $203,340,000 after buying an additional 136,221 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 3.3%

Shares of HLNE stock opened at $148.79 on Friday. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 28.61 and a beta of 1.26. The stock has a 50-day moving average of $152.69 and a 200-day moving average of $150.63. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane Inc. has a 1-year low of $124.10 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.33. The company had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 earnings per share. On average, equities research analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane’s dividend payout ratio is currently 41.54%.

Insider Activity at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 22.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HLNE. JPMorgan Chase & Co. decreased their target price on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $163.14.

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.