Credit Suisse AG Raises Holdings in Hamilton Lane Inc (HLNE)
Credit Suisse AG raised its position in shares of Hamilton Lane Inc (NASDAQ:HLNE) by 65.6% in the third quarter, HoldingsChannel reports. The firm owned 13,899 shares of the company’s stock after buying an additional 5,506 shares during the period. Credit Suisse AG’s holdings in Hamilton Lane were worth $615,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HLNE. Rhumbline Advisers grew its stake in Hamilton Lane by 19.9% during the 2nd quarter. Rhumbline Advisers now owns 14,467 shares of the company’s stock worth $694,000 after buying an additional 2,402 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Hamilton Lane by 5.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 80,869 shares of the company’s stock worth $3,880,000 after buying an additional 4,249 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Hamilton Lane during the 2nd quarter worth approximately $206,000. BlackRock Inc. grew its stake in Hamilton Lane by 11.8% during the 2nd quarter. BlackRock Inc. now owns 1,132,167 shares of the company’s stock worth $54,309,000 after buying an additional 119,371 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Hamilton Lane during the 2nd quarter worth approximately $7,010,000. 42.70% of the stock is owned by hedge funds and other institutional investors.
Shares of HLNE stock opened at $35.64 on Friday. Hamilton Lane Inc has a twelve month low of $30.52 and a twelve month high of $54.59. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 1.42 and a beta of 1.15. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.45.
The business also recently announced a quarterly dividend, which was paid on Monday, January 7th. Shareholders of record on Friday, December 14th were paid a $0.2125 dividend. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.85 annualized dividend and a dividend yield of 2.38%. Hamilton Lane’s dividend payout ratio (DPR) is currently 51.83%.
In related news, Vice Chairman Juan Delgado-Moreira bought 21,450 shares of the stock in a transaction on Wednesday, November 14th. The shares were bought at an average cost of $37.04 per share, for a total transaction of $794,508.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leslie F. Varon sold 1,070 shares of Hamilton Lane stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $38.61, for a total value of $41,312.70. The disclosure for this sale can be found here. Company insiders own 53.71% of the company’s stock.
A number of research firms recently issued reports on HLNE. Zacks Investment Research upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. ValuEngine downgraded Hamilton Lane from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Morgan Stanley dropped their price target on Hamilton Lane from $48.00 to $43.00 and set a “hold” rating on the stock in a research note on Wednesday, November 14th. Finally, JPMorgan Chase & Co. downgraded Hamilton Lane from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $48.00 to $38.00 in a research note on Thursday, November 1st.
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About Hamilton Lane
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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