Maryland State Retirement & Pension System Takes Position in Hamilton Lane Inc. $HLNE

Maryland State Retirement & Pension System purchased a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,942 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds have also recently added to or reduced their stakes in HLNE. WPG Advisers LLC acquired a new position in Hamilton Lane in the first quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Hamilton Lane in the first quarter valued at about $33,000. Geneos Wealth Management Inc. lifted its stake in Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after buying an additional 254 shares during the period. Covestor Ltd lifted its stake in Hamilton Lane by 375.9% in the first quarter. Covestor Ltd now owns 414 shares of the company’s stock valued at $62,000 after buying an additional 327 shares during the period. Finally, LRI Investments LLC acquired a new position in Hamilton Lane in the first quarter valued at about $72,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Up 1.7%

HLNE stock opened at $124.92 on Wednesday. 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 business has a 50 day moving average price of $144.99 and a two-hundred day moving average price of $148.62. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 24.02 and a beta of 1.20. Hamilton Lane Inc. has a twelve month low of $114.63 and a twelve month high of $203.72.

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

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Friday, September 19th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, September 19th. Hamilton Lane’s dividend payout ratio (DPR) is currently 41.54%.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the firm’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 completion of the transaction, the insider directly owned 330,015 shares in the company, valued at $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised Hamilton Lane from a “market perform” rating to an “outperform” rating and cut their target price for the company from $168.00 to $150.00 in a research note on Monday. JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Zacks Research upgraded Hamilton Lane from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Finally, Weiss Ratings upgraded Hamilton Lane from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.50.

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.