Hamilton Lane Inc (HLNE) Vice Chairman Purchases $794,508.00 in Stock
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.
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.
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.
Recommended Story: Put Option
Receive News & Ratings for Hamilton Lane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Lane and related companies with MarketBeat.com's FREE daily email newsletter.