Hamilton Lane Inc. $HLNE Shares Acquired by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. increased its holdings in Hamilton Lane by 6,649% in Q4, adding 282,451 shares to reach 286,699 shares (0.51% ownership) valued at about $38.5 million.
• Hamilton Lane beat Q4 estimates with EPS of $1.55 (vs. $1.28 expected) and revenue up 18% year-over-year, and declared a quarterly dividend of $0.54 per share (2.1% yield).
• Analysts' consensus is a Moderate Buy with an average price target of $157.63, based on five Buy and five Hold ratings.

Massachusetts Financial Services Co. MA increased its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 6,649.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,699 shares of the company's stock after purchasing an additional 282,451 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.51% of Hamilton Lane worth $38,507,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HLNE. Invesco Ltd. raised its stake in shares of Hamilton Lane by 7.3% in the 3rd quarter. Invesco Ltd. now owns 1,534,836 shares of the company's stock valued at $206,880,000 after acquiring an additional 104,977 shares during the period. Champlain Investment Partners LLC boosted its position in shares of Hamilton Lane by 33.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company's stock worth $187,140,000 after purchasing an additional 350,437 shares during the period. Millennium Management LLC increased its holdings in Hamilton Lane by 418.8% in the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company's stock valued at $142,946,000 after purchasing an additional 856,112 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Hamilton Lane by 0.8% in the third quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company's stock valued at $92,493,000 after purchasing an additional 5,130 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Hamilton Lane by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 665,043 shares of the company's stock valued at $89,649,000 after purchasing an additional 25,375 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $164.00 to $166.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. BMO Capital Markets decreased their target price on Hamilton Lane from $148.00 to $118.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 24th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $161.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, January 8th. Zacks Research lowered shares of Hamilton Lane from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Morgan Stanley set a $159.00 price target on shares of Hamilton Lane in a research report on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.63.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $101.56 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 18.23 and a beta of 1.33. The stock's 50-day moving average is $106.92 and its two-hundred day moving average is $122.85. Hamilton Lane Inc. has a 1-year low of $90.47 and a 1-year high of $179.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.27. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The business had revenue of $198.59 million during the quarter, compared to analysts' expectations of $195.36 million. During the same quarter last year, the business posted $1.25 EPS. The business's quarterly revenue was up 18.0% compared to the same quarter last year. Analysts forecast 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 was paid on Monday, April 6th. Shareholders of record on Friday, March 20th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, March 20th. Hamilton Lane's payout ratio is 38.78%.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.