Hussman Strategic Advisors Inc. Buys Shares of 10,500 Hamilton Lane Inc. $HLNE

Hussman Strategic Advisors Inc. purchased a new position in Hamilton Lane Inc. (NASDAQ:HLNE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,500 shares of the company’s stock, valued at approximately $1,492,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Versor Investments LP purchased a new position in Hamilton Lane in the second quarter worth $246,000. Geneva Capital Management LLC lifted its stake in Hamilton Lane by 5.9% during the second quarter. Geneva Capital Management LLC now owns 272,519 shares of the company’s stock worth $38,730,000 after purchasing an additional 15,262 shares during the last quarter. Amalgamated Bank lifted its stake in Hamilton Lane by 11.8% during the second quarter. Amalgamated Bank now owns 21,183 shares of the company’s stock worth $3,011,000 after purchasing an additional 2,242 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Hamilton Lane by 251.6% in the 2nd quarter. Atria Investments Inc now owns 12,902 shares of the company’s stock worth $1,834,000 after purchasing an additional 9,233 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Hamilton Lane by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 52,968 shares of the company’s stock valued at $7,528,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were 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 approximately $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 SEC, which is accessible through this hyperlink. Company insiders own 22.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HLNE. Wells Fargo & Company upped their target price 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 upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $168.00 to $150.00 in a report on Monday, October 13th. Wall Street Zen lowered shares of Hamilton Lane from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley lowered their price target on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Finally, Oppenheimer set a $181.00 price target on shares of Hamilton Lane and gave the company an “outperform” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $157.71.

Hamilton Lane Stock Up 0.9%

Shares of Hamilton Lane stock opened at $114.93 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. Hamilton Lane Inc. has a 52-week low of $111.98 and a 52-week high of $203.72. The company’s 50 day moving average price is $134.63 and its 200-day moving average price is $146.52. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 22.10 and a beta of 1.20.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly 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. The business had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. Equities research analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane 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.