Caxton Associates LLP Invests $1.18 Million in Hamilton Lane Inc. $HLNE

Caxton Associates LLP purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) in the second quarter, Holdings Channel reports. The firm purchased 8,305 shares of the company’s stock, valued at approximately $1,180,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Hamilton Lane by 47.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,358 shares of the company’s stock worth $202,000 after buying an additional 437 shares during the period. Nuveen LLC bought a new stake in shares of Hamilton Lane in the first quarter valued at about $24,334,000. HighTower Advisors LLC grew its holdings in Hamilton Lane by 46.4% during the 1st quarter. HighTower Advisors LLC now owns 2,670 shares of the company’s stock worth $397,000 after acquiring an additional 846 shares in the last quarter. Russell Investments Group Ltd. increased its position in Hamilton Lane by 2.2% during the 1st quarter. Russell Investments Group Ltd. now owns 79,055 shares of the company’s stock valued at $11,753,000 after purchasing an additional 1,672 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of Hamilton Lane by 38.5% in the 1st quarter. Raymond James Financial Inc. now owns 225,254 shares of the company’s stock valued at $33,488,000 after purchasing an additional 62,596 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 21st. Keefe, Bruyette & Woods boosted their price target on Hamilton Lane from $150.00 to $158.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Oppenheimer set a $181.00 price objective on Hamilton Lane and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group raised Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Thursday, November 6th. Finally, Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Hamilton Lane currently has an average rating of “Moderate Buy” and an average target price of $160.13.

Insiders Place Their Bets

In related news, CEO Juan Delgado-Moreira purchased 8,000 shares of Hamilton Lane stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the chief executive officer owned 1,314,447 shares in the company, valued at $171,338,166.45. The trade was a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 22.21% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $128.79 on Tuesday. The company has a 50 day simple moving average of $123.38 and a two-hundred day simple moving average of $139.48. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 23.33 and a beta of 1.33. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.25. Hamilton Lane Inc. has a 12 month low of $111.98 and a 12 month high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.46. Hamilton Lane had a net margin of 31.12% and a return on equity of 29.43%. The company had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. As a group, analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 19th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, December 19th. Hamilton Lane’s dividend payout ratio (DPR) is 39.13%.

About Hamilton Lane

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.