Deutsche Bank AG Purchases 13,240 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Deutsche Bank AG increased its stake in Hamilton Lane Inc. by 39.4%, now owning approximately 46,841 shares worth $6,964,000.
• Hamilton Lane's recent quarterly earnings reported $1.31 EPS, exceeding analyst expectations of $0.98, with revenue increasing 11.8% year-over-year.
• The company announced a quarterly dividend of $0.54, resulting in a 1.4% yield, scheduled to be paid on October 6th.

Deutsche Bank AG raised its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 39.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,841 shares of the company's stock after acquiring an additional 13,240 shares during the period. Deutsche Bank AG owned approximately 0.08% of Hamilton Lane worth $6,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. CWM LLC raised its holdings in shares of Hamilton Lane by 18.2% during the 1st quarter. CWM LLC now owns 611 shares of the company's stock worth $91,000 after acquiring an additional 94 shares in the last quarter. Lifestyle Asset Management Inc. raised its holdings in shares of Hamilton Lane by 8.0% during the 1st quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock worth $243,000 after acquiring an additional 121 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after acquiring an additional 126 shares in the last quarter. Securian Asset Management Inc. raised its holdings in shares of Hamilton Lane by 4.4% during the 1st quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock worth $489,000 after acquiring an additional 140 shares in the last quarter. Finally, Snowden Capital Advisors LLC raised its holdings in shares of Hamilton Lane by 2.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 7,411 shares of the company's stock worth $1,101,000 after acquiring an additional 142 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Trading Down 0.4%

Hamilton Lane stock traded down $0.56 during mid-day trading on Thursday, hitting $149.86. The company's stock had a trading volume of 245,148 shares, compared to its average volume of 377,127. The company has a 50 day moving average of $149.52 and a 200-day moving average of $151.48. The stock has a market cap of $8.34 billion, a PE ratio of 28.82 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.98 by $0.33. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.Hamilton Lane's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 EPS. On average, research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given a dividend of $0.54 per share. 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 presently 41.54%.

Analyst Ratings Changes

HLNE has been the topic of several recent research reports. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Wells Fargo & Company increased their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. decreased their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of "Reduce" and an average price target of $163.14.

Hamilton Lane Profile

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.