EFG Asset Management North America Corp. Buys 7,151 Shares of Hamilton Lane Inc. $HLNE

Key Points

• EFG Asset Management North America Corp. increased its stake in Hamilton Lane Inc. by 38.0% during the first quarter, acquiring an additional 7,151 shares, bringing its total holdings to 25,965 shares valued at approximately $3.86 million.
• Hamilton Lane's recent earnings report showed an earnings per share of $1.31, exceeding analysts' expectations of $0.98, with revenue rising 11.8% year-over-year to $196.73 million.
• The company announced a quarterly dividend of $0.54 to be paid to stockholders on October 6, with a current dividend yield of 1.5%.

EFG Asset Management North America Corp. boosted its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 38.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,965 shares of the company's stock after acquiring an additional 7,151 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Hamilton Lane were worth $3,864,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Hamilton Lane by 65.8% in the 1st quarter. GAMMA Investing LLC now owns 920 shares of the company's stock valued at $137,000 after acquiring an additional 365 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in Hamilton Lane in the 1st quarter valued at $225,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hamilton Lane by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company's stock worth $1,437,000 after purchasing an additional 1,084 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Hamilton Lane by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock worth $508,000 after purchasing an additional 212 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Hamilton Lane by 11.3% during the first quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock worth $1,172,000 after purchasing an additional 800 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HLNE. Wells Fargo & Company increased their target price on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of 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 shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $163.14.

Hamilton Lane Stock Performance

NASDAQ HLNE traded up $2.54 on Monday, hitting $148.66. 461,837 shares of the stock were exchanged, compared to its average volume of 552,619. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. The business's fifty day moving average is $152.23 and its 200 day moving average is $150.71. Hamilton Lane Inc. has a 52 week low of $124.10 and a 52 week high of $203.72. The company has a market capitalization of $8.28 billion, a PE ratio of 28.59 and a beta of 1.26.

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. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The firm had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. During the same period in the prior year, the firm posted $1.47 earnings per share. The company's quarterly revenue was up 11.8% compared to the same quarter last year. Research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared 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. This represents a $2.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane's dividend payout ratio is 41.54%.

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.