759,313 Shares in Hamilton Lane Inc. $HLNE Acquired by Champlain Investment Partners LLC

Key Points

• Champlain Investment Partners LLC made a significant investment of $112.89 million in Hamilton Lane Inc. during the first quarter, acquiring 759,313 shares, which constitutes 1.37% of the company.
• Hamilton Lane reported a quarterly earnings per share (EPS) of $1.31, exceeding analysts' estimates significantly, with revenue of $196.73 million for the quarter.
• The company declared a quarterly dividend of $0.54, with an annualized yield of 1.4%, to be paid on October 6th, affecting stockholders of record as of September 19th.

Champlain Investment Partners LLC purchased a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 759,313 shares of the company's stock, valued at approximately $112,887,000. Champlain Investment Partners LLC owned about 1.37% of Hamilton Lane as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Hamilton Lane in the first quarter worth about $432,772,000. Wellington Management Group LLP boosted its stake in shares of Hamilton Lane by 5.5% in the first quarter. Wellington Management Group LLP now owns 1,701,963 shares of the company's stock worth $253,031,000 after buying an additional 88,100 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Hamilton Lane by 5.9% in 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 buying an additional 76,107 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Hamilton Lane by 63.4% in 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 buying an additional 494,637 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Hamilton Lane by 7.4% in the first quarter. Van Berkom & Associates Inc. now owns 659,220 shares of the company's stock worth $98,006,000 after buying an additional 45,605 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Price Performance

HLNE traded down $0.52 during midday trading on Friday, hitting $154.34. 299,723 shares of the company traded hands, compared to its average volume of 378,244. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 29.68 and a beta of 1.23. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72. The business has a 50 day simple moving average of $151.64 and a two-hundred day simple moving average of $151.05.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business had revenue of $196.73 million for the quarter, compared to analysts' expectations of $166.96 million. During the same period in the previous year, the firm posted $1.47 EPS. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

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

Wall Street Analysts Forecast Growth

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