Quantbot Technologies LP Buys 14,203 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Quantbot Technologies LP lifted its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 133.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,858 shares of the company’s stock after acquiring an additional 14,203 shares during the quarter. Quantbot Technologies LP’s holdings in Hamilton Lane were worth $3,072,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HLNE. Principal Securities Inc. bought a new position in shares of Hamilton Lane during the 4th quarter valued at approximately $26,000. Covestor Ltd grew its stake in shares of Hamilton Lane by 14,900.0% during the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 298 shares during the period. Signaturefd LLC grew its stake in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after acquiring an additional 73 shares during the period. Fifth Third Bancorp grew its stake in shares of Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after acquiring an additional 358 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of Hamilton Lane during the 1st quarter valued at approximately $89,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on Hamilton Lane in a research note on Thursday, September 12th. They set an “equal weight” rating and a $156.00 price objective for the company. UBS Group upped their price target on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. upped their price target on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.20.

Hamilton Lane Stock Up 0.2 %

NASDAQ HLNE opened at $153.23 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The company has a market capitalization of $8.28 billion, a P/E ratio of 41.53 and a beta of 1.18. Hamilton Lane Incorporated has a one year low of $78.66 and a one year high of $161.19. The stock has a 50 day moving average price of $142.41 and a 200-day moving average price of $125.07.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. The firm had revenue of $196.73 million during the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same period in the prior year, the company earned $0.94 EPS. As a group, equities analysts predict that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.28%. Hamilton Lane’s payout ratio is presently 53.12%.

Hamilton Lane Profile

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.