Published on 20 Sep 2024 on Insider Monkey · via Yahoo Finance

Hamilton Lane Incorporated (HLNE) Stock Rose 10% After Posting Strong Results

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” second-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the quarter the fund returned -1.59% (gross) and -1.83% (net), compared to a -2.92% return for the Russell 2000 Growth Index. The equity markets performed well in the second quarter, as long as one held only a handful of the biggest, fastest-growing U.S. stocks. Despite profitability turning positive this quarter following negative or neutral results in previous quarters, momentum remained the most important component in the worldwide market. In addition, please check the fund’s top five holdings to know its best picks in 2024.

TimesSquare Capital Management U.S. Small Cap Growth Strategy highlighted stocks like Hamilton Lane Incorporated (NASDAQ:HLNE), in the second quarter 2024 investor letter. Hamilton Lane Incorporated (NASDAQ:HLNE) is a private equity and venture capital firm, with a market capitalization of $8.529 billion. The one-month return of Hamilton Lane Incorporated (NASDAQ:HLNE) was 10.20%, and its shares gained 73.03% of their value over the last 52 weeks. On September 17, 2024, Hamilton Lane Incorporated (NASDAQ:HLNE) stock closed at $157.37 per share.