Elo Mutual Pension Insurance Co Takes $1.53 Million Position in Hamilton Lane Inc. $HLNE

Elo Mutual Pension Insurance Co bought a new position in Hamilton Lane Inc. (NASDAQ:HLNE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,334 shares of the company’s stock, valued at approximately $1,528,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Champlain Investment Partners LLC grew its position in Hamilton Lane by 36.7% in the second quarter. Champlain Investment Partners LLC now owns 1,037,943 shares of the company’s stock worth $147,512,000 after buying an additional 278,630 shares during the last quarter. Van Berkom & Associates Inc. lifted its position 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 valued at $92,493,000 after acquiring an additional 5,130 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Hamilton Lane by 0.8% during the 3rd quarter. American Century Companies Inc. now owns 505,789 shares of the company’s stock worth $68,176,000 after acquiring an additional 3,810 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Hamilton Lane by 70.2% in the 2nd quarter. Raymond James Financial Inc. now owns 383,473 shares of the company’s stock worth $54,499,000 after acquiring an additional 158,219 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Hamilton Lane in the 2nd quarter worth $46,641,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $110.02 on Friday. The company has a 50 day simple moving average of $132.94 and a 200-day simple moving average of $133.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 19.75 and a beta of 1.32. Hamilton Lane Inc. has a 52-week low of $98.00 and a 52-week high of $179.19.

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

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is currently 38.78%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research 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 target price for the company in a report on Thursday, November 6th. Zacks Research raised shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. UBS Group reduced their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.00.

About Hamilton Lane

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.