Hamilton Lane Inc (HLNE) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Hamilton Lane Inc (NASDAQ:HLNE) by 39.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,995 shares of the company’s stock after buying an additional 87,961 shares during the period. Dimensional Fund Advisors LP owned approximately 0.62% of Hamilton Lane worth $11,433,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. First Mercantile Trust Co. purchased a new position in shares of Hamilton Lane during the 4th quarter worth approximately $46,000. Bank of Montreal Can increased its stake in shares of Hamilton Lane by 17.4% during the 4th quarter. Bank of Montreal Can now owns 2,235 shares of the company’s stock worth $83,000 after purchasing an additional 332 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Hamilton Lane by 760.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,434 shares of the company’s stock worth $108,000 after purchasing an additional 2,151 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Hamilton Lane during the 4th quarter worth approximately $107,000. Finally, Great West Life Assurance Co. Can increased its stake in shares of Hamilton Lane by 11.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 4,838 shares of the company’s stock worth $172,000 after purchasing an additional 495 shares in the last quarter. 44.05% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on HLNE shares. Zacks Investment Research raised shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, February 7th. TheStreet raised shares of Hamilton Lane from a “c” rating to a “b-” rating in a research note on Thursday, February 28th. Macquarie raised shares of Hamilton Lane from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley raised shares of Hamilton Lane from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $44.00 to $56.00 in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $49.00.

Shares of HLNE opened at $47.82 on Friday. The company has a market cap of $2.40 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.96 and a quick ratio of 1.96. Hamilton Lane Inc has a 1-year low of $31.81 and a 1-year high of $54.59.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 5th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.22. The firm had revenue of $66.00 million during the quarter, compared to analysts’ expectations of $65.27 million. Hamilton Lane had a net margin of 14.85% and a return on equity of 66.32%. Hamilton Lane’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. As a group, sell-side analysts expect that Hamilton Lane Inc will post 1.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were paid a $0.2125 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.85 annualized dividend and a yield of 1.78%. Hamilton Lane’s payout ratio is currently 51.83%.

In other Hamilton Lane news, major shareholder Tara Devlin sold 10,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $43.04, for a total value of $430,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 53.71% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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