Charles Schwab Investment Management Inc. Acquires 15,622 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Charles Schwab Investment Management increased its holdings in Hamilton Lane Inc. by 4.4%, owning 373,579 shares valued at approximately $55.54 million after acquiring an additional 15,622 shares.
• Major investors such as Price T Rowe Associates Inc. and T. Rowe Price Investment Management Inc. significantly boosted their stakes in Hamilton Lane, indicating strong institutional interest.
• In its recent earnings report, Hamilton Lane reported an EPS of $1.31, surpassing estimates, alongside a revenue of $196.73 million, reflecting an 11.8% year-over-year growth.

Charles Schwab Investment Management Inc. increased its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 373,579 shares of the company's stock after purchasing an additional 15,622 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.67% of Hamilton Lane worth $55,540,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in HLNE. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hamilton Lane by 229.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after purchasing an additional 900,283 shares during the period. Raymond James Financial Inc. bought a new position in Hamilton Lane during the fourth quarter valued at approximately $24,081,000. GAMMA Investing LLC raised its position in Hamilton Lane by 24,544.3% during the first quarter. GAMMA Investing LLC now owns 136,776 shares of the company's stock valued at $203,340,000 after acquiring an additional 136,221 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in Hamilton Lane by 2,098.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 102,840 shares of the company's stock valued at $15,225,000 after acquiring an additional 98,162 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Hamilton Lane during the fourth quarter valued at approximately $13,491,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HLNE shares. JPMorgan Chase & Co. cut their price objective on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. 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 research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $163.14.

Hamilton Lane Stock Performance

HLNE stock traded down $3.5050 on Tuesday, reaching $151.8950. 449,958 shares of the company were exchanged, compared to its average volume of 566,527. Hamilton Lane Inc. has a 12 month low of $124.10 and a 12 month high of $203.72. The stock's fifty day moving average price is $149.41 and its 200 day moving average price is $151.55. The firm has a market capitalization of $8.13 billion, a PE ratio of 29.21 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, topping 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 business had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Hamilton Lane's revenue was up 11.8% compared to the same quarter last year. On average, research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

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

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.