Hamilton Lane Inc (NASDAQ:HLNE) Vice Chairman Juan Delgado-Moreira purchased 21,450 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was bought at an average price of $37.04 per share, with a total value of $794,508.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ HLNE traded up $1.02 during trading hours on Thursday, hitting $37.54. The company had a trading volume of 76,100 shares, compared to its average volume of 190,054. Hamilton Lane Inc has a fifty-two week low of $30.52 and a fifty-two week high of $54.59. The company has a market cap of $1.81 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.43 and a beta of 1.60. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.45.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.12. Hamilton Lane had a return on equity of 67.76% and a net margin of 10.41%. The firm had revenue of $55.83 million during the quarter, compared to the consensus estimate of $65.90 million. During the same period in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, sell-side analysts forecast that Hamilton Lane Inc will post 1.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be issued a $0.2125 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.85 annualized dividend and a yield of 2.26%. Hamilton Lane’s dividend payout ratio is currently 51.83%.

HLNE has been the subject of several recent research reports. Zacks Investment Research downgraded Hamilton Lane from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. ValuEngine downgraded Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Morgan Stanley lowered their price target on Hamilton Lane from $49.00 to $48.00 and set a “hold” rating for the company in a report on Tuesday, October 9th. Finally, JPMorgan Chase & Co. downgraded Hamilton Lane from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $48.00 to $38.00 in a report on Thursday, November 1st.

A number of hedge funds and other institutional investors have recently made changes to their positions in HLNE. FMR LLC boosted its position in Hamilton Lane by 7.7% in the 3rd quarter. FMR LLC now owns 2,297,625 shares of the company’s stock valued at $101,739,000 after buying an additional 163,582 shares during the last quarter. Wasatch Advisors Inc. boosted its position in Hamilton Lane by 5.0% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,715,242 shares of the company’s stock valued at $75,951,000 after buying an additional 81,521 shares during the last quarter. TPG Group Holdings SBS Advisors Inc. boosted its position in Hamilton Lane by 4.8% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,154,367 shares of the company’s stock valued at $55,375,000 after buying an additional 52,414 shares during the last quarter. BlackRock Inc. boosted its position in Hamilton Lane by 11.8% in the 2nd quarter. BlackRock Inc. now owns 1,132,167 shares of the company’s stock valued at $54,309,000 after buying an additional 119,371 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Hamilton Lane by 11.3% in the 3rd quarter. Alliancebernstein L.P. now owns 964,454 shares of the company’s stock valued at $42,706,000 after buying an additional 98,163 shares during the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

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Hamilton Lane Company Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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