Hamilton Lane Inc. $HLNE Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 242.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,717 shares of the company’s stock after buying an additional 7,590 shares during the period. Fox Run Management L.L.C.’s holdings in Hamilton Lane were worth $1,445,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC raised its position in Hamilton Lane by 36.7% during the second quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock worth $147,512,000 after acquiring an additional 278,630 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in shares of Hamilton Lane by 0.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company’s stock worth $92,493,000 after purchasing an additional 5,130 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Hamilton Lane by 70.2% during the 2nd quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock worth $54,499,000 after purchasing an additional 158,219 shares during the last quarter. Norges Bank purchased a new stake in Hamilton Lane in the 2nd quarter valued at approximately $46,641,000. Finally, TimesSquare Capital Management LLC lifted its stake in Hamilton Lane by 5.7% in the 3rd quarter. TimesSquare Capital Management LLC now owns 313,160 shares of the company’s stock valued at $42,211,000 after buying an additional 16,812 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HLNE. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Oppenheimer lifted their price objective on Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group decreased their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Hamilton Lane has an average rating of “Moderate Buy” and an average target price of $169.00.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE opened at $101.75 on Wednesday. The business’s 50-day simple moving average is $137.01 and its 200 day simple moving average is $135.27. Hamilton Lane Inc. has a one year low of $98.00 and a one year high of $179.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. The company has a market cap of $5.68 billion, a P/E ratio of 18.27 and a beta of 1.30.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.27. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The company had revenue of $198.59 million for the quarter, compared to the consensus estimate of $195.36 million. During the same period in the previous year, the business earned $1.25 EPS. Hamilton Lane’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, sell-side analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th 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 2.1%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s payout ratio is currently 38.78%.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.