Novem Group Makes New $861,000 Investment in Hamilton Lane Inc. $HLNE

Key Points

• Novem Group has made a new investment of approximately $861,000 in Hamilton Lane Inc. by acquiring 6,059 shares during the second quarter.
• Wall Street analysts have been revising their ratings for Hamilton Lane, with one cutting it from a "hold" to a "sell" rating and another upgrading it to a "strong-buy".
• The company recently announced a quarterly dividend of $0.54 per share, which will be paid on October 6th, representing a 1.5% yield.

Novem Group purchased a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,059 shares of the company's stock, valued at approximately $861,000.

A number of other institutional investors have also recently bought and sold shares of HLNE. Squarepoint Ops LLC bought a new stake in shares of Hamilton Lane during the fourth quarter worth approximately $1,167,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hamilton Lane by 6.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,978 shares of the company's stock worth $14,654,000 after acquiring an additional 6,223 shares during the period. MassMutual Private Wealth & Trust FSB boosted 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 worth $26,000 after acquiring an additional 126 shares during the period. Versant Capital Management Inc bought a new stake in shares of Hamilton Lane during the first quarter worth approximately $30,000. Finally, GAMMA Investing LLC boosted its holdings 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 acquiring an additional 136,221 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of research analyst reports. Wall Street Zen cut Hamilton Lane from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. cut their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Zacks Research upgraded Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of "Hold" and an average price target of $166.43.

Hamilton Lane Stock Up 0.9%

NASDAQ HLNE opened at $140.90 on Friday. The business has a fifty day moving average price of $151.79 and a two-hundred day moving average price of $150.48. 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 fifty-two week low of $124.10 and a fifty-two week high of $203.72. The stock has a market capitalization of $7.85 billion, a PE ratio of 27.10 and a beta of 1.26.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. During the same period in the prior year, the company earned $1.47 earnings per share. The company's quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

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

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the company's 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 directly owned 330,015 shares in the company, valued at $48,350,497.65. This 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 available at the SEC website. 22.21% of the stock is owned by 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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