Hamilton Lane Inc. $HLNE Shares Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio increased its stake in Hamilton Lane Inc. by 35.2%, owning 43,783 shares valued at approximately $6.22 million as of the latest SEC filing.
• Recent analyst ratings show a mix of upgrades and adjustments, with Goldman Sachs upgrading Hamilton Lane from a "sell" to a "neutral" rating and increasing the price target to $162.00.
• Hamilton Lane announced a quarterly dividend of $0.54 per share, which will be paid on October 6th, yielding an annualized dividend of 1.5%.

Public Employees Retirement System of Ohio raised its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 35.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,783 shares of the company's stock after acquiring an additional 11,392 shares during the period. Public Employees Retirement System of Ohio owned 0.08% of Hamilton Lane worth $6,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HLNE. Squarepoint Ops LLC bought a new stake in Hamilton Lane in the 4th quarter valued at about $1,167,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after buying an additional 126 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Hamilton Lane during the first quarter worth approximately $30,000. GAMMA Investing LLC boosted its position in shares of Hamilton Lane by 24,544.3% during the first quarter. GAMMA Investing LLC now owns 136,776 shares of the company's stock worth $203,340,000 after buying an additional 136,221 shares during the period. Finally, Rhumbline Advisers grew its holdings in Hamilton Lane by 4.1% in the 1st quarter. Rhumbline Advisers now owns 127,723 shares of the company's stock worth $18,989,000 after buying an additional 5,005 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HLNE has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a "sell" rating to a "neutral" rating and increased their target price for the company from $149.00 to $162.00 in a research report on Thursday, September 18th. Zacks Research upgraded shares of Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. 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. lowered their price objective on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $166.43.

Hamilton Lane Stock Up 0.9%

Hamilton Lane stock opened at $140.90 on Monday. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. The firm has a market cap of $7.85 billion, a PE ratio of 27.10 and a beta of 1.26. The firm's 50 day moving average price is $151.79 and its two-hundred day moving average price is $150.63.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released 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 business had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. During the same quarter last year, the firm earned $1.47 EPS. Hamilton Lane's revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 19th. Hamilton Lane's dividend payout ratio is presently 41.54%.

Insiders Place Their Bets

In related news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares of the company's stock, valued at $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.21% of the stock is currently owned by company 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.

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