Beacon Harbor Wealth Advisors Inc. Purchases New Holdings in Hamilton Lane Inc. $HLNE

Key Points

• Beacon Harbor Wealth Advisors bought 49,933 shares (~$6.71M) of Hamilton Lane (NASDAQ:HLNE) in Q4, making it about 1.5% of the fund's portfolio and Beacon Harbor's 29th-largest holding; Beacon Harbor now owns roughly 0.09% of HLNE.
• Analysts have a consensus rating of Moderate Buy with an average target of $165, but several firms recently cut targets (UBS to $150, BMO to $118) while the stock trades near $92, down 2.7%.
• Hamilton Lane beat Q4 expectations with $1.55 EPS and revenue up 18% year-over-year, declared a $0.54 quarterly dividend (2.3% yield), and institutional investors hold about 97.4% of the shares.

Beacon Harbor Wealth Advisors Inc. purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 49,933 shares of the company's stock, valued at approximately $6,707,000. Hamilton Lane accounts for about 1.5% of Beacon Harbor Wealth Advisors Inc.'s portfolio, making the stock its 29th largest position. Beacon Harbor Wealth Advisors Inc. owned 0.09% of Hamilton Lane as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership increased its position in Hamilton Lane by 24.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company's stock worth $42,878,000 after purchasing an additional 63,220 shares during the period. Champlain Investment Partners LLC increased its position in Hamilton Lane by 33.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company's stock worth $187,140,000 after purchasing an additional 350,437 shares during the period. Elo Mutual Pension Insurance Co acquired a new position in Hamilton Lane during the 3rd quarter worth approximately $1,528,000. SG Americas Securities LLC increased its position in Hamilton Lane by 541.8% during the 4th quarter. SG Americas Securities LLC now owns 71,717 shares of the company's stock worth $9,632,000 after purchasing an additional 60,542 shares during the period. Finally, Bessemer Group Inc. increased its position in Hamilton Lane by 53.2% during the 3rd quarter. Bessemer Group Inc. now owns 202,998 shares of the company's stock worth $27,363,000 after purchasing an additional 70,493 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group dropped their target price on Hamilton Lane from $184.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. BMO Capital Markets decreased their price objective on shares of Hamilton Lane from $148.00 to $118.00 and set an "outperform" rating on the stock in a report on Tuesday, March 24th. Morgan Stanley set a $159.00 price objective on shares of Hamilton Lane in a report on Tuesday, January 27th. Weiss Ratings reissued a "hold (c+)" rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $165.00.

Hamilton Lane Stock Down 2.7%

HLNE stock opened at $92.19 on Friday. The company has a market cap of $5.14 billion, a P/E ratio of 16.55 and a beta of 1.33. Hamilton Lane Inc. has a 52 week low of $90.47 and a 52 week high of $179.19. The company's 50-day moving average price is $108.45 and its 200 day moving average price is $123.55. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.27. The firm had revenue of $198.59 million for the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm's revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. On average, research analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 20th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 20th. Hamilton Lane's dividend payout ratio is 38.78%.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

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