Entropy Technologies LP Invests $387,000 in Hamilton Lane Inc. (NASDAQ:HLNE)

Key Points

• Entropy Technologies LP has acquired a new position in Hamilton Lane Inc., purchasing 2,600 shares valued at approximately $387,000 in the first quarter.
• Analysts have issued mixed ratings on Hamilton Lane, with one brokerage raising its rating to "hold" while another downgraded it to "market perform"; the consensus target price is $163.14.
• The company announced a quarterly dividend of $0.54, scheduled to be paid on October 6th, representing an annualized yield of 1.3%.

Entropy Technologies LP bought a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,600 shares of the company's stock, valued at approximately $387,000.

Several other hedge funds have also recently made changes to their positions in the business. CWM LLC lifted its holdings in shares of Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after purchasing an additional 94 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Hamilton Lane by 0.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company's stock valued at $1,813,000 after purchasing an additional 109 shares in the last quarter. Lifestyle Asset Management Inc. lifted its holdings in shares of Hamilton Lane by 8.0% during the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock valued at $243,000 after purchasing an additional 121 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after purchasing an additional 126 shares in the last quarter. Finally, Securian Asset Management Inc. lifted its holdings in shares of Hamilton Lane by 4.4% during the first quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock valued at $489,000 after purchasing an additional 140 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Trading Down 1.9%

HLNE traded down $2.98 during trading hours on Friday, reaching $155.46. 403,421 shares of the company's stock traded hands, compared to its average volume of 367,752. The firm has a 50-day moving average price of $149.33 and a 200 day moving average price of $151.63. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $8.32 billion, a PE ratio of 29.90 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.33. The company had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. Hamilton Lane's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 EPS. As a group, sell-side analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders 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 yield of 1.4%. Hamilton Lane's payout ratio is 41.54%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Wells Fargo & Company lifted their target price on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. cut their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.