New York State Common Retirement Fund Has $13.45 Million Stake in Hamilton Lane Inc. $HLNE

New York State Common Retirement Fund boosted its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 26.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,749 shares of the company’s stock after acquiring an additional 21,065 shares during the period. New York State Common Retirement Fund owned 0.18% of Hamilton Lane worth $13,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLNE. Parkside Financial Bank & Trust grew its holdings in shares of Hamilton Lane by 920.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after purchasing an additional 184 shares in the last quarter. First Horizon Corp acquired a new position in Hamilton Lane in the third quarter valued at about $31,000. Caitong International Asset Management Co. Ltd bought a new stake in Hamilton Lane during the second quarter worth about $33,000. Global Retirement Partners LLC lifted its position in Hamilton Lane by 126.4% during the third quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock worth $43,000 after purchasing an additional 177 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after buying an additional 254 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Juan Delgado-Moreira acquired 8,000 shares of Hamilton Lane stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the transaction, the chief executive officer directly owned 1,314,447 shares of the company’s stock, valued at approximately $171,338,166.45. The trade was a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.21% of the stock is owned by corporate insiders.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $141.38 on Tuesday. Hamilton Lane Inc. has a fifty-two week low of $111.98 and a fifty-two week high of $179.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market capitalization of $7.89 billion, a P/E ratio of 25.61 and a beta of 1.30. The company’s 50 day moving average price is $137.96 and its two-hundred day moving average price is $138.78.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results 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 net margin of 31.12% and a return on equity of 29.43%. The company had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. On average, equities analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Oppenheimer restated an “outperform” rating and set a $220.00 target price on shares of Hamilton Lane in a research note on Tuesday, January 20th. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Finally, UBS Group boosted their price target on Hamilton Lane from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus price target of $169.38.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.