Arizona State Retirement System grew its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE – Get Rating) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,550 shares of the company’s stock after acquiring an additional 271 shares during the quarter. Arizona State Retirement System’s holdings in Hamilton Lane were worth $738,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D increased its holdings in Hamilton Lane by 35.2% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 33,468 shares of the company’s stock worth $2,587,000 after buying an additional 8,720 shares during the period. FDx Advisors Inc. acquired a new position in Hamilton Lane in the 1st quarter worth approximately $249,000. Personal CFO Solutions LLC increased its holdings in Hamilton Lane by 26.7% in the 1st quarter. Personal CFO Solutions LLC now owns 3,902 shares of the company’s stock worth $302,000 after buying an additional 822 shares during the period. Davy Global Fund Management Ltd increased its holdings in Hamilton Lane by 6.9% in the 1st quarter. Davy Global Fund Management Ltd now owns 14,357 shares of the company’s stock worth $1,110,000 after buying an additional 932 shares during the period. Finally, Chartwell Investment Partners LLC boosted its position in Hamilton Lane by 4.4% in the 1st quarter. Chartwell Investment Partners LLC now owns 15,598 shares of the company’s stock worth $1,206,000 after purchasing an additional 651 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.
Hamilton Lane Trading Up 1.5 %
Shares of NASDAQ:HLNE opened at $73.63 on Thursday. Hamilton Lane Incorporated has a 1 year low of $61.38 and a 1 year high of $116.00. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.81 and a quick ratio of 1.81. The business’s 50 day moving average price is $68.82 and its 200-day moving average price is $73.55.
Hamilton Lane Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. Hamilton Lane’s payout ratio is currently 40.20%.
Analyst Upgrades and Downgrades
HLNE has been the topic of several recent research reports. The Goldman Sachs Group lowered their price objective on Hamilton Lane from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Wells Fargo & Company lowered their price objective on Hamilton Lane from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 13th. Finally, Morgan Stanley lowered their price objective on Hamilton Lane from $92.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th.
Hamilton Lane Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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