Caitlin John LLC Purchases 4,196 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Caitlin John LLC significantly increased its stake in Hamilton Lane Inc. by 103.4% in Q2, bringing its total holdings to 8,255 shares valued at approximately $1,173,000.
• Several hedge funds have made substantial moves in Hamilton Lane, with notable acquisitions including Kayne Anderson Rudnick's new position worth $432.77 million in Q1.
• Hamilton Lane declared a quarterly dividend of $0.54 per share, which will be paid on October 6th, representing an annualized yield of 1.4%.

Caitlin John LLC increased its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 103.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,255 shares of the company's stock after acquiring an additional 4,196 shares during the quarter. Caitlin John LLC's holdings in Hamilton Lane were worth $1,173,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Hamilton Lane by 65.8% during the 1st quarter. GAMMA Investing LLC now owns 920 shares of the company's stock worth $137,000 after buying an additional 365 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Hamilton Lane in the 1st quarter valued at about $225,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hamilton Lane by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company's stock valued at $1,437,000 after buying an additional 1,084 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Hamilton Lane by 6.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock valued at $508,000 after purchasing an additional 212 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in Hamilton Lane by 11.3% during the 1st quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock valued at $1,172,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

HLNE has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a "sell" rating to a "neutral" rating and boosted their price target for the company from $149.00 to $162.00 in a report on Thursday. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Seven analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and a consensus price target of $166.43.

Hamilton Lane Trading Down 0.8%

Shares of NASDAQ HLNE traded down $1.21 during mid-day trading on Monday, hitting $149.15. The company's stock had a trading volume of 367,991 shares, compared to its average volume of 368,922. The company's fifty day simple moving average is $152.56 and its 200-day simple moving average is $150.52. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 28.68 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The firm had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The business's revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts anticipate 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, October 6th. Investors of record on Friday, September 19th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 annualized dividend and a yield of 1.4%. Hamilton Lane's dividend payout ratio is currently 41.54%.

Insiders Place Their Bets

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the transaction, the insider owned 330,015 shares of the company's stock, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.21% of the stock is owned by corporate insiders.

Hamilton Lane Company 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.