Hamilton Lane Inc. $HLNE Position Increased by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. significantly increased its stake in Hamilton Lane Inc. by 99%, acquiring an additional 19,675 shares in the first quarter, bringing their total to 39,555 shares valued at approximately $5.88 million.
• Hamilton Lane's recent earnings report revealed $196.73 million in revenue for the quarter, exceeding estimates and marking an 11.8% year-over-year increase.
• The company announced a quarterly dividend of $0.54 per share, with a current yield of 1.4%, reflecting a payout ratio of 41.54%.

Fuller & Thaler Asset Management Inc. raised its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 99.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,555 shares of the company's stock after acquiring an additional 19,675 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.07% of Hamilton Lane worth $5,881,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in Hamilton Lane by 252.0% in 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 during the last quarter. Versant Capital Management Inc acquired a new position in Hamilton Lane in the first quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Hamilton Lane in the first quarter valued at $33,000. Covestor Ltd increased its stake in Hamilton Lane by 375.9% in the first quarter. Covestor Ltd now owns 414 shares of the company's stock valued at $62,000 after purchasing an additional 327 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Hamilton Lane in the fourth quarter valued at $65,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HLNE shares. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company increased 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. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $163.14.

Hamilton Lane Stock Down 0.6%

NASDAQ HLNE traded down $0.94 during mid-day trading on Tuesday, reaching $153.37. 36,681 shares of the company's stock traded hands, compared to its average volume of 558,534. Hamilton Lane Inc. has a 1-year low of $124.10 and a 1-year high of $203.72. The company has a fifty day simple moving average of $150.21 and a 200-day simple moving average of $151.12. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 29.49 and a beta of 1.23.

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

Hamilton Lane Dividend Announcement

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 issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane's dividend payout ratio (DPR) is currently 41.54%.

Hamilton Lane Company 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.