California State Teachers Retirement System bought a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,400 shares of the company’s stock, valued at approximately $537,000. California State Teachers Retirement System owned approximately 0.13% of Hamilton Lane as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of HLNE. Bank of America Corp DE acquired a new stake in shares of Hamilton Lane during the 1st quarter worth about $772,000. Russell Investments Group Ltd. raised its position in shares of Hamilton Lane by 54.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 65,764 shares of the company’s stock worth $1,446,000 after acquiring an additional 23,048 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Hamilton Lane during the 2nd quarter worth about $1,372,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Hamilton Lane during the 2nd quarter worth about $1,137,000. Finally, Rhumbline Advisers acquired a new stake in shares of Hamilton Lane during the 2nd quarter worth about $297,000. 27.93% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on HLNE. Morgan Stanley lifted their price target on Hamilton Lane from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of Hamilton Lane in a research report on Thursday, September 28th. Finally, Zacks Investment Research lowered Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Hamilton Lane currently has a consensus rating of “Hold” and a consensus price target of $24.00.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $51.20 million for the quarter, compared to analyst estimates of $48.64 million. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities analysts anticipate that Hamilton Lane Inc. will post 1.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 14th.
About Hamilton Lane
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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