Ameriprise Financial Inc. Has $64.25 Million Holdings in Hamilton Lane Inc. $HLNE

Key Points

• Ameriprise Financial Inc. increased its holdings in Hamilton Lane Inc. by 19.6%, owning approximately $64.25 million worth of shares by the end of the 1st quarter.
• Hamilton Lane recently reported earnings per share of $1.31, surpassing estimates, with revenue rising by 11.8% compared to the previous year.
• The company declared a quarterly dividend of $0.54 per share, resulting in an annual yield of 1.4%, with the next payment scheduled for October 6th.

Ameriprise Financial Inc. lifted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 19.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 432,123 shares of the company's stock after acquiring an additional 70,949 shares during the period. Ameriprise Financial Inc. owned 0.78% of Hamilton Lane worth $64,250,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Hamilton Lane by 5.5% during the first quarter. Wellington Management Group LLP now owns 1,701,963 shares of the company's stock worth $253,031,000 after acquiring an additional 88,100 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Hamilton Lane by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,368,373 shares of the company's stock worth $203,437,000 after acquiring an additional 76,107 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Hamilton Lane by 63.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock worth $189,555,000 after acquiring an additional 494,637 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of Hamilton Lane by 7.4% during the first quarter. Van Berkom & Associates Inc. now owns 659,220 shares of the company's stock worth $98,006,000 after acquiring an additional 45,605 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Hamilton Lane by 3.2% during the fourth quarter. Northern Trust Corp now owns 623,735 shares of the company's stock worth $92,344,000 after acquiring an additional 19,514 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Price Performance

NASDAQ HLNE traded down $0.52 on Friday, reaching $154.34. The company's stock had a trading volume of 299,723 shares, compared to its average volume of 378,244. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. The stock has a market cap of $8.59 billion, a PE ratio of 29.68 and a beta of 1.23. The firm's 50 day moving average is $151.64 and its two-hundred day moving average is $151.05.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company had revenue of $196.73 million during the quarter, compared to the consensus estimate of $166.96 million. During the same period in the prior year, the company earned $1.47 EPS. Hamilton Lane's revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, September 19th. Hamilton Lane's payout ratio is presently 41.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLNE. Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Wells Fargo & Company upped their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $163.14.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.