Caxton Associates LLP Acquires Shares of 8,305 Hamilton Lane Inc. $HLNE

Caxton Associates LLP acquired a new position in Hamilton Lane Inc. (NASDAQ:HLNE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,305 shares of the company’s stock, valued at approximately $1,180,000.

A number of other large investors have also recently modified their holdings of HLNE. Envestnet Portfolio Solutions Inc. boosted its stake in Hamilton Lane by 116.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,144 shares of the company’s stock worth $589,000 after acquiring an additional 2,232 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Hamilton Lane by 163.6% during the second quarter. Truist Financial Corp now owns 24,745 shares of the company’s stock valued at $3,517,000 after purchasing an additional 15,357 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in shares of Hamilton Lane in the 2nd quarter worth approximately $276,000. DAVENPORT & Co LLC purchased a new stake in shares of Hamilton Lane in the 2nd quarter worth approximately $211,000. Finally, 111 Capital bought a new position in Hamilton Lane during the 2nd quarter valued at approximately $528,000. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, November 6th. UBS Group assumed coverage on shares of Hamilton Lane in a research note on Thursday. They set a “buy” rating and a $166.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Finally, Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.13.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, CEO Juan Delgado-Moreira acquired 8,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the transaction, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. The trade was a 0.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 22.21% of the stock is currently owned by insiders.

Hamilton Lane Trading Down 1.1%

HLNE stock opened at $128.79 on Tuesday. Hamilton Lane Inc. has a twelve month low of $111.98 and a twelve month high of $179.19. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 23.33 and a beta of 1.33. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $123.38 and its two-hundred day simple moving average is $139.48.

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

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is currently 39.13%.

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.