Danske Bank A S Raises Position in Hamilton Lane Inc. $HLNE

Key Points

• Danske Bank A/S dramatically increased its stake in Hamilton Lane in Q4—boosting holdings by 19,024.0% after buying 19,024 shares and ending the quarter with 19,124 shares worth about $2.57 million.
• Several large institutions including Invesco, Champlain, Millennium and Dimensional also raised positions, and 97.40% of the stock is held by hedge funds and other institutional investors.
• Analysts have cut some targets recently but the consensus remains a "Moderate Buy" with an average price target of $155.38 versus a recent share price of $92.41 (six Buy ratings, four Hold ratings).

Danske Bank A S lifted its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 19,024.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,124 shares of the company's stock after purchasing an additional 19,024 shares during the quarter. Danske Bank A S's holdings in Hamilton Lane were worth $2,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in Hamilton Lane by 7.3% in the third quarter. Invesco Ltd. now owns 1,534,836 shares of the company's stock valued at $206,880,000 after buying an additional 104,977 shares during the last quarter. Champlain Investment Partners LLC grew its stake in shares of Hamilton Lane by 33.8% during the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company's stock worth $187,140,000 after acquiring an additional 350,437 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Hamilton Lane by 418.8% during the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company's stock valued at $142,946,000 after acquiring an additional 856,112 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Hamilton Lane by 0.8% during the third quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company's stock valued at $92,493,000 after acquiring an additional 5,130 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Hamilton Lane by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 665,043 shares of the company's stock valued at $89,649,000 after purchasing an additional 25,375 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on HLNE shares. UBS Group dropped their target price on shares of Hamilton Lane from $184.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Morgan Stanley decreased their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an "equal weight" rating for the company in a report on Tuesday, April 21st. Oppenheimer lowered their price objective on shares of Hamilton Lane from $230.00 to $171.00 and set an "outperform" rating for the company in a research note on Monday, April 13th. Zacks Research lowered shares of Hamilton Lane from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. upgraded Hamilton Lane from a "neutral" rating to an "overweight" rating and set a $166.00 target price for the company in a research note on Thursday, April 16th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $155.38.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $92.41 on Wednesday. The business's 50 day moving average price is $100.02 and its 200 day moving average price is $120.43. The firm has a market cap of $5.15 billion, a P/E ratio of 16.59 and a beta of 1.18. Hamilton Lane Inc. has a 52 week low of $86.47 and a 52 week high of $179.19. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.27. The firm had revenue of $198.59 million for the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.Hamilton Lane's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. On average, sell-side analysts expect that Hamilton Lane Inc. will post 6.2 earnings per share for the current year.

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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