Point Nemo Capital LLC Buys 13,415 Shares of Hamilton Lane Inc. $HLNE

Point Nemo Capital LLC bought a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,415 shares of the company’s stock, valued at approximately $1,165,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLNE. Copeland Capital Management LLC lifted its position in Hamilton Lane by 52.5% in the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock valued at $64,422,000 after buying an additional 255,238 shares during the last quarter. Congress Asset Management Co. boosted its stake in Hamilton Lane by 22.3% during the third quarter. Congress Asset Management Co. now owns 128,545 shares of the company’s stock worth $11,165,000 after buying an additional 23,447 shares during the period. AXQ Capital LP purchased a new position in Hamilton Lane during the second quarter worth about $3,575,000. Squarepoint Ops LLC purchased a new position in Hamilton Lane during the second quarter worth about $24,063,000. Finally, Sei Investments Co. boosted its stake in Hamilton Lane by 37.4% during the first quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock worth $40,399,000 after buying an additional 110,617 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Down 0.7%

Shares of NASDAQ HLNE opened at $89.46 on Friday. The company has a current ratio of 3.37, a quick ratio of 3.49 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.97 billion, a PE ratio of 13.27 and a beta of 1.16. Hamilton Lane Inc. has a twelve month low of $71.88 and a twelve month high of $155.66. The stock has a fifty day simple moving average of $89.41 and a 200-day simple moving average of $96.59.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.33. Hamilton Lane had a return on equity of 23.47% and a net margin of 32.40%. The firm had revenue of $204.43 million for the quarter, compared to analyst estimates of $215.23 million. During the same quarter in the prior year, the company earned $1.54 EPS. Hamilton Lane’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Hamilton Lane Inc. will post 7.61 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Monday, December 21st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 21st. Hamilton Lane’s payout ratio is currently 35.61%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. The Goldman Sachs Group restated a “buy” rating and issued a $117.00 price objective on shares of Hamilton Lane in a report on Friday, October 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Hamilton Lane from $150.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.12.

About Hamilton Lane

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.