Northern Trust Corp Purchases Shares of 145,947 Hamilton Lane Inc. (HLNE)
Northern Trust Corp purchased a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 145,947 shares of the company’s stock, valued at approximately $3,209,000. Northern Trust Corp owned about 0.76% of Hamilton Lane as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC raised its position in shares of Hamilton Lane by 15.7% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,534,585 shares of the company’s stock worth $33,746,000 after purchasing an additional 208,240 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Hamilton Lane by 3.2% during the 2nd quarter. Alliancebernstein L.P. now owns 670,861 shares of the company’s stock worth $14,752,000 after purchasing an additional 20,546 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Hamilton Lane by 12.6% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 245,121 shares of the company’s stock worth $5,390,000 after purchasing an additional 27,456 shares during the last quarter. Royce & Associates LP raised its position in shares of Hamilton Lane by 7.1% during the 2nd quarter. Royce & Associates LP now owns 161,716 shares of the company’s stock worth $3,556,000 after purchasing an additional 10,788 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Hamilton Lane during the 1st quarter worth about $1,671,000. Hedge funds and other institutional investors own 29.93% of the company’s stock.
Several research analysts recently weighed in on HLNE shares. Morgan Stanley downgraded shares of Hamilton Lane from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $25.00 to $28.00 in a research report on Thursday, October 5th. Zacks Investment Research downgraded shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 price target on shares of Hamilton Lane in a research report on Thursday, September 28th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.00.
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Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $48.64 million. The firm’s revenue was up 5.1% on a year-over-year basis. analysts expect that Hamilton Lane Inc. will post 1.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.70 annualized dividend and a yield of 2.12%.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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