GAMMA Investing LLC Has $150,000 Stock Position in Hamilton Lane Inc. $HLNE

GAMMA Investing LLC lifted its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 14.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,056 shares of the company’s stock after purchasing an additional 136 shares during the quarter. GAMMA Investing LLC’s holdings in Hamilton Lane were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB boosted its position in shares of Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the period. Versant Capital Management Inc acquired a new position in shares of Hamilton Lane in the 1st quarter valued at $30,000. Rhumbline Advisers boosted its position in shares of Hamilton Lane by 4.1% in the first quarter. Rhumbline Advisers now owns 127,723 shares of the company’s stock worth $18,989,000 after buying an additional 5,005 shares during the period. NBC Securities Inc. boosted its position in shares of Hamilton Lane by 106,625.0% in the first quarter. NBC Securities Inc. now owns 4,269 shares of the company’s stock worth $634,000 after buying an additional 4,265 shares during the period. Finally, Lifestyle Asset Management Inc. boosted its position in shares of Hamilton Lane by 8.0% in the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company’s stock worth $243,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Buying and Selling at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was 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 in the company, 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 accessible through this link. Corporate insiders own 22.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Keefe, Bruyette & Woods raised their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised Hamilton Lane from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $149.00 to $162.00 in a research report on Thursday, September 18th. Wells Fargo & Company lifted their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and a consensus target price of $166.43.

Hamilton Lane Trading Down 1.3%

Shares of HLNE opened at $139.00 on Tuesday. Hamilton Lane Inc. has a 12-month low of $124.10 and a 12-month high of $203.72. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 26.73 and a beta of 1.26. The stock’s 50-day moving average price is $151.53 and its 200 day moving average price is $150.60.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same period in the previous year, the company posted $1.47 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, September 19th. Hamilton Lane’s payout ratio is currently 41.54%.

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.