Hamilton Lane Inc. $HLNE Shares Newly Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors acquired 311,154 Hamilton Lane shares worth approximately $27.0 million in the third quarter, while institutional investors collectively own 97.4% of HLNE.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $124.62, despite some recent target reductions.
• Hamilton Lane reported quarterly EPS of $1.94 versus estimates of $1.53, while revenue rose 56.5% year over year to $275.33 million. The company also paid a $0.60 quarterly dividend, representing a 2.9% annualized yield.

Fort Washington Investment Advisors Inc. OH acquired a new position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 311,154 shares of the company's stock, valued at approximately $27,027,000. Fort Washington Investment Advisors Inc. OH owned 0.56% of Hamilton Lane as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. AXQ Capital LP purchased a new position in Hamilton Lane during the second quarter worth approximately $3,575,000. Sei Investments Co. grew its holdings in Hamilton Lane by 37.4% in the first quarter. Sei Investments Co. now owns 406,425 shares of the company's stock valued at $40,399,000 after purchasing an additional 110,617 shares during the period. Squarepoint Ops LLC acquired a new stake in Hamilton Lane in the second quarter valued at approximately $24,063,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Hamilton Lane in the second quarter valued at approximately $1,269,000. Finally, Copeland Capital Management LLC grew its holdings in Hamilton Lane by 52.5% in the third quarter. Copeland Capital Management LLC now owns 741,678 shares of the company's stock valued at $64,422,000 after purchasing an additional 255,238 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HLNE. Oppenheimer cut their price objective on Hamilton Lane from $182.00 to $181.00 and set an "outperform" rating for the company in a research report on Thursday, August 27th. Weiss Ratings upgraded Hamilton Lane from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 31st. The Goldman Sachs Group reiterated a "buy" rating and set a $117.00 target price on shares of Hamilton Lane in a research report on Friday, October 2nd. UBS Group dropped their price target on shares of Hamilton Lane from $131.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $105.00 to $116.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of "Moderate Buy" and an average price target of $124.62.

Hamilton Lane Stock Up 1.8%

HLNE stock opened at $83.50 on Friday. Hamilton Lane Inc. has a 52 week low of $71.88 and a 52 week high of $155.66. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $95.42 and a 200-day simple moving average of $90.71. The stock has a market capitalization of $4.64 billion, a P/E ratio of 12.73 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm had revenue of $275.33 million for the quarter, compared to analyst estimates of $221.94 million. During the same period last year, the company posted $1.47 EPS. Hamilton Lane's quarterly revenue was up 56.5% compared to the same quarter last year. Equities analysts forecast that Hamilton Lane Inc. will post 7.25 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Hamilton Lane's dividend payout ratio is presently 36.59%.

About Hamilton Lane

Hamilton Lane Incorporated NASDAQ: HLNE is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.

Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.

Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.

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