Optimize Financial Inc Purchases New Shares in Hamilton Lane Inc. $HLNE

Key Points

• Optimize Financial Inc acquired a new stake in Hamilton Lane Inc. valued at approximately $374,000, indicating significant investor interest.
• Hamilton Lane recently reported earnings of $1.31 per share, which exceeded consensus estimates by $0.33, and also announced a quarterly dividend of $0.54.
• The company's recent stock performance shows a market cap of $8.24 billion, with shares trading at $147.94, reflecting a 0.5% decrease in trading activity.

Optimize Financial Inc bought a new position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,515 shares of the company's stock, valued at approximately $374,000.

Several other large investors have also recently added to or reduced their stakes in the stock. United Services Automobile Association acquired a new stake in Hamilton Lane in the first quarter worth $368,000. Fred Alger Management LLC increased its position in Hamilton Lane by 2.2% in the first quarter. Fred Alger Management LLC now owns 624,844 shares of the company's stock worth $93,202,000 after buying an additional 13,319 shares during the period. Jones Financial Companies Lllp increased its position in Hamilton Lane by 4,806.7% in the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company's stock worth $759,000 after buying an additional 4,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hamilton Lane by 8.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,615 shares of the company's stock worth $3,511,000 after buying an additional 1,743 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in Hamilton Lane by 256.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,019 shares of the company's stock worth $896,000 after buying an additional 4,329 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

HLNE stock traded down $5.01 during trading hours on Friday, hitting $148.79. 299,411 shares of the stock traded hands, compared to its average volume of 351,623. The stock has a 50-day simple moving average of $152.69 and a 200 day simple moving average of $150.61. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72. The company has a market cap of $8.28 billion, a P/E ratio of 28.61 and a beta of 1.26. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29.

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

Hamilton Lane Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 annualized dividend and a yield of 1.5%. Hamilton Lane's dividend payout ratio (DPR) is currently 41.54%.

Insiders Place Their Bets

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the firm's 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 completion of the transaction, the insider 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 22.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HLNE shares. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. 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. Keefe, Bruyette & Woods increased their price target on 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 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. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $163.14.

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.