Hamilton Lane Inc (NASDAQ:HLNE) Director Leslie F. Varon sold 1,070 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $38.61, for a total transaction of $41,312.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NASDAQ:HLNE opened at $36.96 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.19 and a current ratio of 2.19. Hamilton Lane Inc has a 52 week low of $30.52 and a 52 week high of $54.59. The firm has a market capitalization of $1.81 billion, a PE ratio of 18.89, a PEG ratio of 1.43 and a beta of 1.60.
Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.12. Hamilton Lane had a net margin of 10.41% and a return on equity of 67.76%. The company had revenue of $55.83 million for the quarter, compared to analyst estimates of $65.90 million. During the same period in the prior year, the firm posted $0.27 EPS. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Equities research analysts forecast that Hamilton Lane Inc will post 1.73 earnings per share for the current year.
Several large investors have recently bought and sold shares of HLNE. JPMorgan Chase & Co. boosted its stake in shares of Hamilton Lane by 283.8% in the 1st quarter. JPMorgan Chase & Co. now owns 30,098 shares of the company’s stock valued at $1,121,000 after purchasing an additional 22,256 shares during the last quarter. California Public Employees Retirement System bought a new stake in shares of Hamilton Lane in the 1st quarter valued at $473,000. UBS Group AG boosted its stake in shares of Hamilton Lane by 2,132.2% in the 1st quarter. UBS Group AG now owns 18,974 shares of the company’s stock valued at $706,000 after purchasing an additional 18,124 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Hamilton Lane by 17.3% in the 1st quarter. Millennium Management LLC now owns 133,147 shares of the company’s stock valued at $4,957,000 after purchasing an additional 19,620 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Hamilton Lane in the 2nd quarter valued at $127,000. 38.43% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Hamilton Lane from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. ValuEngine lowered shares of Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Morgan Stanley reduced their target price on shares of Hamilton Lane from $49.00 to $48.00 and set a “hold” rating on the stock in a report on Tuesday, October 9th. Finally, JPMorgan Chase & Co. lowered shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $48.00 to $38.00 in a report on Thursday, November 1st.
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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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