B. Metzler seel. Sohn & Co. AG Has $3.65 Million Holdings in Hamilton Lane Inc. $HLNE

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in Hamilton Lane Inc. by 20%, owning 24,578 shares valued at approximately $3.65 million as of the latest SEC filing.
• During the 1st quarter, other institutional investors also made significant movements, with notable acquisitions including a new stake by Kayne Anderson Rudnick valued at $432.77 million.
• Hamilton Lane's earnings per share for the latest quarter came in at $1.31, exceeding estimates, and the company announced a quarterly dividend of $0.54 per share, representing a 1.4% yield.

B. Metzler seel. Sohn & Co. AG lifted its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 20.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,578 shares of the company's stock after buying an additional 4,093 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Hamilton Lane were worth $3,654,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after buying an additional 126 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Hamilton Lane in the 1st quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Hamilton Lane in the 1st quarter worth approximately $33,000. Covestor Ltd raised its holdings in shares of Hamilton Lane by 375.9% in the 1st quarter. Covestor Ltd now owns 414 shares of the company's stock worth $62,000 after buying an additional 327 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Hamilton Lane in the 4th quarter worth approximately $65,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HLNE shares. Wells Fargo & Company raised 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. 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. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. dropped 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, Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $163.14.

Hamilton Lane Trading Down 0.3%

Shares of NASDAQ:HLNE traded down $0.52 during midday trading on Friday, hitting $154.34. The company had a trading volume of 299,723 shares, compared to its average volume of 366,290. Hamilton Lane Inc. has a 12 month low of $124.10 and a 12 month high of $203.72. 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 stock has a market cap of $8.59 billion, a price-to-earnings ratio of 29.68 and a beta of 1.26. The firm has a fifty day simple moving average of $151.64 and a 200 day simple moving average of $151.04.

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

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend 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 presently 41.54%.

About Hamilton Lane

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.