Teacher Retirement System of Texas Has $387,000 Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Teacher Retirement System of Texas increased its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 55.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,243 shares of the company’s stock after purchasing an additional 1,507 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hamilton Lane were worth $387,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Hamilton Lane by 14.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,020 shares of the company’s stock valued at $267,000 after acquiring an additional 390 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Hamilton Lane by 539.5% in the first quarter. Envestnet Asset Management Inc. now owns 53,095 shares of the company’s stock valued at $4,702,000 after acquiring an additional 44,792 shares during the last quarter. Standard Life Aberdeen plc lifted its stake in Hamilton Lane by 2.1% in the first quarter. Standard Life Aberdeen plc now owns 396,896 shares of the company’s stock valued at $35,210,000 after acquiring an additional 8,252 shares during the last quarter. Arizona State Retirement System lifted its stake in Hamilton Lane by 6.9% in the first quarter. Arizona State Retirement System now owns 8,130 shares of the company’s stock valued at $720,000 after acquiring an additional 527 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Hamilton Lane by 7.6% in the first quarter. Swiss National Bank now owns 63,800 shares of the company’s stock valued at $5,650,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 62.79% of the company’s stock.

A number of research firms have issued reports on HLNE. Zacks Investment Research upgraded shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Monday, May 31st. Morgan Stanley lifted their target price on shares of Hamilton Lane from $97.00 to $98.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $96.00.

Shares of Hamilton Lane stock opened at $85.68 on Wednesday. The firm has a fifty day simple moving average of $89.84 and a 200-day simple moving average of $89.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. Hamilton Lane Incorporated has a 1-year low of $59.64 and a 1-year high of $97.48. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 25.20 and a beta of 0.80.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, August 3rd. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.16. Hamilton Lane had a net margin of 35.04% and a return on equity of 60.79%. The business had revenue of $79.00 million during the quarter, compared to analysts’ expectations of $83.13 million. During the same period in the previous year, the company earned $0.13 earnings per share. Hamilton Lane’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, research analysts predict that Hamilton Lane Incorporated will post 3.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 6th. Stockholders of record on Wednesday, September 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, September 14th. Hamilton Lane’s payout ratio is 51.28%.

In related news, Vice Chairman Juan Delgado-Moreira sold 61,864 shares of the business’s stock in a transaction on Friday, September 10th. The shares were sold at an average price of $84.15, for a total transaction of $5,205,855.60. Following the transaction, the insider now owns 1,227,919 shares of the company’s stock, valued at $103,329,383.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Hartley R. Rogers sold 11,487 shares of the business’s stock in a transaction on Friday, September 10th. The stock was sold at an average price of $84.15, for a total transaction of $966,631.05. The disclosure for this sale can be found here. 28.67% of the stock is currently owned by insiders.

Hamilton Lane Profile

Hamilton Lane, Inc is a holding company, which engages in the provision of private markets investment solutions. The firm works with clients to conceive, structure, build out, manage, and monitor portfolios of private markets funds and direct investments. It also offers the following solutions: customized separate accounts; specialized funds; advisory services; distribution management; and reporting, monitoring, data, and analytics.

Read More: How does new data get added to a blockchain?

Want to see what other hedge funds are holding HLNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hamilton Lane Incorporated (NASDAQ:HLNE).

Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

Receive News & Ratings for Hamilton Lane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Lane and related companies with MarketBeat.com's FREE daily email newsletter.