In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Hamilton Lane Inc. (NASDAQ:HLNE) reported that Hla Investments Llc. has picked up 36,948,717 of common stock as of 2017-03-17.
The acquisition brings the aggregate amount owned by Hla Investments Llc. to a total of 36,948,717 representing a 65.9% stake in the company.
For those not familiar with the company, 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. It offers a range of investment solutions across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity and venture capital. These solutions are constructed from a range of investment types, including primary investments in funds managed by third-party managers, direct/co-investments alongside such funds and acquisitions of secondary stakes in such funds, with a range of its clients utilizing multiple investment types. These solutions are offered in a range of formats covering some or all phases of private markets investment programs, such as Customized Separate Accounts and Specialized Funds.
A glance at Hamilton Lane Inc. (NASDAQ:HLNE)’s key stats reveals a current market capitalization of 365.95 Million based on 18.85 Million shares outstanding and a price at last close of $19.26 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-06, Delgado-Moreira picked up 2,800 at a purchase price of $16.00. This brings their total holding to 1,553,765 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Hamilton Lane Inc. (NASDAQ:HLNE) as things move forward to see if its progress aligns with these transactions.
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