Point72 Asset Management L.P. Purchases New Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Point72 Asset Management L.P. purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,519 shares of the company’s stock, valued at approximately $311,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares in the last quarter. Creative Planning boosted its holdings in shares of Hamilton Lane by 5.3% in the second quarter. Creative Planning now owns 62,772 shares of the company’s stock valued at $7,757,000 after acquiring an additional 3,147 shares during the period. Algert Global LLC acquired a new stake in shares of Hamilton Lane in the second quarter valued at approximately $479,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Hamilton Lane in the second quarter valued at approximately $247,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Hamilton Lane by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 23,265 shares of the company’s stock valued at $2,875,000 after acquiring an additional 1,810 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLNE. UBS Group increased their price objective on Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Wells Fargo & Company assumed coverage on Hamilton Lane in a research note on Thursday, September 12th. They set an “equal weight” rating and a $156.00 price target for the company. The Goldman Sachs Group upped their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average price target of $143.00.

Hamilton Lane Trading Up 1.6 %

NASDAQ:HLNE opened at $173.60 on Friday. The stock has a fifty day moving average price of $150.59 and a two-hundred day moving average price of $130.85. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 47.05 and a beta of 1.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. Hamilton Lane Incorporated has a 1 year low of $78.66 and a 1 year high of $175.00.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.41. The firm had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same quarter in the prior year, the business posted $0.94 earnings per share. As a group, sell-side analysts anticipate that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, September 16th. Hamilton Lane’s payout ratio is 53.12%.

Hamilton Lane Company 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.