Fmr LLC Boosts Holdings in Hamilton Lane Inc (HLNE)
Fmr LLC raised its holdings in shares of Hamilton Lane Inc (NASDAQ:HLNE) by 366.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,134,043 shares of the company’s stock after purchasing an additional 1,676,343 shares during the period. Fmr LLC owned 4.37% of Hamilton Lane worth $102,370,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. OppenheimerFunds Inc. purchased a new position in shares of Hamilton Lane in the 1st quarter worth approximately $11,581,000. Lord Abbett & CO. LLC grew its position in shares of Hamilton Lane by 116.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 548,645 shares of the company’s stock worth $20,426,000 after buying an additional 295,593 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Hamilton Lane in the 1st quarter worth approximately $10,144,000. BlackRock Inc. grew its position in shares of Hamilton Lane by 32.4% in the 1st quarter. BlackRock Inc. now owns 1,012,796 shares of the company’s stock worth $37,706,000 after buying an additional 247,614 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Hamilton Lane in the 2nd quarter worth approximately $7,010,000. 38.36% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Hamilton Lane from a “hold” rating to a “strong sell” rating in a research report on Saturday, June 9th. ValuEngine raised shares of Hamilton Lane from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $41.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, June 11th. Finally, Morgan Stanley lifted their price objective on shares of Hamilton Lane from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, June 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $42.75.
Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, August 7th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $63.36 million during the quarter, compared to analysts’ expectations of $57.15 million. Hamilton Lane had a net margin of 8.14% and a return on equity of 63.94%. equities research analysts forecast that Hamilton Lane Inc will post 1.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Friday, September 14th will be paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, September 13th. Hamilton Lane’s dividend payout ratio (DPR) is presently 51.83%.
Hamilton Lane Company 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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