Hamilton Lane Inc. $HLNE Holdings Lifted by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 77.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 15,118 shares of the company’s stock after purchasing an additional 6,600 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Hamilton Lane were worth $2,149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Hamilton Lane by 26.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,720 shares of the company’s stock worth $244,000 after purchasing an additional 362 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Hamilton Lane by 920.0% during the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock valued at $29,000 after purchasing an additional 184 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Hamilton Lane by 2.4% during the first quarter. Summit Investment Advisors Inc. now owns 12,538 shares of the company’s stock worth $1,864,000 after buying an additional 293 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Hamilton Lane in the second quarter worth approximately $444,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in Hamilton Lane in the second quarter worth approximately $2,760,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $125.27 on Thursday. Hamilton Lane Inc. has a 1-year low of $111.98 and a 1-year high of $203.63. 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 company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 24.09 and a beta of 1.23. The stock’s fifty day simple moving average is $129.36 and its 200-day simple moving average is $144.94.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.46. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. On average, sell-side analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is currently 39.13%.

Insider Buying and Selling

In related news, CEO Juan Delgado-Moreira bought 8,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the purchase, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. This represents a 0.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder River 5 Ltd French sold 150,000 shares of the business’s stock in a transaction on 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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. Insiders own 22.21% of the company’s stock.

Analyst Upgrades and Downgrades

HLNE has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Thursday, November 6th. Weiss Ratings downgraded Hamilton Lane from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. 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 report on Wednesday, July 23rd. Oppenheimer set a $181.00 price objective on Hamilton Lane and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $159.29.

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.