MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,743 Shares of Hamilton Lane Inc. $HLNE

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hamilton Lane Inc. by 8.0%, acquiring an additional 1,743 shares, bringing its total holdings to 23,615 shares worth approximately $3.5 million.
• In the 1st quarter, multiple institutional investors significantly bolstered their positions in Hamilton Lane, with Kayne Anderson Rudnick Investment Management investing $432.77 million in new shares.
• Hamilton Lane announced a quarterly dividend of $0.54, reflecting an annualized yield of 1.5%, to be paid on October 6th to shareholders of record as of September 19th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,615 shares of the company's stock after buying an additional 1,743 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Hamilton Lane were worth $3,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HLNE. GAMMA Investing LLC raised its holdings in shares of Hamilton Lane by 65.8% in the first quarter. GAMMA Investing LLC now owns 920 shares of the company's stock valued at $137,000 after purchasing an additional 365 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Hamilton Lane during the 1st quarter worth $225,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 worth $1,437,000 after purchasing an additional 1,084 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Hamilton Lane by 6.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock valued at $508,000 after buying an additional 212 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Hamilton Lane by 11.3% in 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. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research report 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 on the stock in a research note on Wednesday, July 23rd. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hamilton Lane currently has a consensus rating of "Reduce" and a consensus price target of $163.14.

Hamilton Lane Stock Down 1.5%

NASDAQ:HLNE traded down $2.26 during trading hours on Monday, hitting $146.53. The company's stock had a trading volume of 295,296 shares, compared to its average volume of 346,422. The stock has a fifty day moving average of $152.69 and a 200-day moving average of $150.54. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $8.16 billion, a P/E ratio of 28.18 and a beta of 1.26.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. During the same quarter in the previous year, the business posted $1.47 earnings per share. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

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 issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 19th. Hamilton Lane's payout ratio is presently 41.54%.

Insider Transactions at Hamilton Lane

In related news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction on 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 completion of the sale, the insider owned 330,015 shares of the company's stock, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.21% of the company's stock.

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.