10,358 Shares in Hamilton Lane Inc. $HLNE Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,358 shares of the company’s stock, valued at approximately $1,472,000.

Other hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Hamilton Lane during the first quarter worth $432,772,000. Wellington Management Group LLP raised its position in shares of Hamilton Lane by 5.5% in the first quarter. Wellington Management Group LLP now owns 1,701,963 shares of the company’s stock worth $253,031,000 after acquiring an additional 88,100 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Hamilton Lane by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,368,373 shares of the company’s stock worth $203,437,000 after acquiring an additional 76,107 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake 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 acquiring an additional 494,637 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its position in shares of Hamilton Lane by 36.7% during the 2nd quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock valued at $147,512,000 after acquiring an additional 278,630 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

HLNE has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on Hamilton Lane in a report on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target for the company. Morgan Stanley reduced their target price on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $150.00 to $158.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings cut shares of Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Hamilton Lane presently has a consensus rating of “Moderate Buy” and an average price target of $159.29.

Hamilton Lane Trading Up 1.6%

Shares of HLNE stock opened at $125.20 on Friday. Hamilton Lane Inc. has a fifty-two week low of $111.98 and a fifty-two week high of $185.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.49 and a current ratio of 3.49. The stock’s fifty day moving average is $123.42 and its two-hundred day moving average is $141.37. The firm has a market capitalization of $6.99 billion, a P/E ratio of 22.68 and a beta of 1.33.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 4th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. The business had revenue of $190.88 million during the quarter, compared to analysts’ expectations of $171.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. Research analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 19th will be 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 of this dividend is Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is 39.13%.

Insider Buying and Selling at Hamilton Lane

In related news, CEO Juan Delgado-Moreira bought 8,000 shares of the stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $130.35 per share, for a total transaction of $1,042,800.00. Following the acquisition, the chief executive officer directly owned 1,314,447 shares in the company, valued at approximately $171,338,166.45. This trade represents a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.21% of the stock is currently owned by corporate insiders.

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.