Deprince Race & Zollo Inc. Purchases New Holdings in Hamilton Lane Inc. $HLNE

Key Points

• Deprince Race & Zollo Inc. bought 301,393 shares of Hamilton Lane (NASDAQ:HLNE) in Q4, valued at about $40.48 million, representing roughly 0.54% of the company.
• Massachusetts Financial Services drastically increased its position—adding 282,451 shares to hold 286,699 shares (≈$38.51 million)—and overall institutional investors own about 97.4% of the stock.
• Hamilton Lane beat Q4 expectations with EPS of $1.55 vs. $1.28 and revenue up 18% year-over-year, and it recently paid a $0.54 quarterly dividend (annualized $2.16, ~2.3% yield).

Deprince Race & Zollo Inc. purchased a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 301,393 shares of the company's stock, valued at approximately $40,480,000. Deprince Race & Zollo Inc. owned 0.54% of Hamilton Lane at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Choreo LLC purchased a new position in Hamilton Lane during the 4th quarter valued at about $217,000. Beacon Harbor Wealth Advisors Inc. bought a new stake in Hamilton Lane during the 4th quarter valued at about $6,707,000. Gibbs Wealth Management increased its stake in Hamilton Lane by 21.2% during the 4th quarter. Gibbs Wealth Management now owns 4,677 shares of the company's stock valued at $693,000 after purchasing an additional 819 shares in the last quarter. Diversify Advisory Services LLC increased its stake in Hamilton Lane by 17.1% during the 4th quarter. Diversify Advisory Services LLC now owns 8,532 shares of the company's stock valued at $1,146,000 after purchasing an additional 1,247 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Hamilton Lane by 6,649.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 286,699 shares of the company's stock valued at $38,507,000 after purchasing an additional 282,451 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $92.19 on Monday. The firm has a 50 day moving average of $108.45 and a 200 day moving average of $123.41. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 16.55 and a beta of 1.33. Hamilton Lane Inc. has a 12-month low of $90.47 and a 12-month high of $179.19.

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

Hamilton Lane Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on HLNE. UBS Group reduced their price objective on shares of Hamilton Lane from $184.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Morgan Stanley set a $159.00 price target on shares of Hamilton Lane in a research note on Tuesday, January 27th. Zacks Research lowered shares of Hamilton Lane from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Oppenheimer lifted their price target on shares of Hamilton Lane from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.00.

About Hamilton Lane

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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