Acadian Asset Management LLC bought a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,405 shares of the company’s stock, valued at approximately $1,372,000. Acadian Asset Management LLC owned about 0.32% of Hamilton Lane at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in HLNE. Russell Investments Group Ltd. raised its stake in Hamilton Lane by 54.0% in the second quarter. Russell Investments Group Ltd. now owns 65,764 shares of the company’s stock valued at $1,446,000 after buying an additional 23,048 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Hamilton Lane during the first quarter valued at about $1,671,000. Point72 Asia Hong Kong Ltd bought a new stake in Hamilton Lane during the first quarter valued at about $202,000. Tudor Investment Corp ET AL bought a new stake in Hamilton Lane during the first quarter valued at about $1,320,000. Finally, TPG Group Holdings SBS Advisors Inc. bought a new stake in Hamilton Lane during the first quarter valued at about $21,339,000. Institutional investors and hedge funds own 61.37% of the company’s stock.
Hamilton Lane Inc. (NASDAQ:HLNE) traded up 0.27% during mid-day trading on Friday, reaching $22.48. The company’s stock had a trading volume of 199,680 shares. Hamilton Lane Inc. has a 52-week low of $17.32 and a 52-week high of $24.00. The company has a market cap of $433.08 million and a price-to-earnings ratio of 68.12. The firm has a 50 day moving average price of $22.32 and a 200 day moving average price of $20.39.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.11%.
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Several analysts recently issued reports on the company. Zacks Investment Research upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Morgan Stanley restated an “overweight” rating and issued a $23.00 price objective (down previously from $24.00) on shares of Hamilton Lane in a research note on Monday, July 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $21.00 price objective on shares of Hamilton Lane in a research note on Friday, April 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.80.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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