Aquatic Capital Management LLC Buys 35,515 Shares of Hamilton Lane Inc. $HLNE

Aquatic Capital Management LLC increased its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 919.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,376 shares of the company’s stock after buying an additional 35,515 shares during the quarter. Aquatic Capital Management LLC owned 0.07% of Hamilton Lane worth $5,307,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HLNE. Cornerstone Planning Group LLC lifted its holdings in shares of Hamilton Lane by 347.7% during the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after acquiring an additional 153 shares during the period. Hantz Financial Services Inc. lifted its holdings in Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. First Horizon Corp acquired a new position in Hamilton Lane in the third quarter valued at about $31,000. Global Retirement Partners LLC grew its stake in Hamilton Lane by 126.4% during the third quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock worth $43,000 after buying an additional 177 shares during the last quarter. Finally, LRI Investments LLC grew its stake in Hamilton Lane by 113.9% during the third quarter. LRI Investments LLC now owns 385 shares of the company’s stock worth $52,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $97.16 on Tuesday. 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 50 day simple moving average of $127.77 and a 200 day simple moving average of $130.25. Hamilton Lane Inc. has a fifty-two week low of $92.77 and a fifty-two week high of $179.19. The firm has a market cap of $5.42 billion, a P/E ratio of 17.44 and a beta of 1.32.

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. The firm had revenue of $198.59 million for the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. Sell-side analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

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 given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HLNE shares. JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. UBS Group dropped their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Finally, Morgan Stanley set a $159.00 price objective on Hamilton Lane in a research note on Tuesday, January 27th. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.00.

Hamilton Lane 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.