Cetera Investment Advisers Purchases 1,977 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Cetera Investment Advisers increased its holdings in Hamilton Lane Inc. by 73.1%, owning 4,682 shares worth approximately $696,000.
• Hamilton Lane reported earnings of $1.31 per share, exceeding estimates, with quarterly revenue of $196.73 million, up 11.8% from the previous year.
• The company declared a quarterly dividend of $0.54 per share, with a dividend yield of 1.4%, to be paid on October 6th, 2023.

Cetera Investment Advisers boosted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 73.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,682 shares of the company's stock after acquiring an additional 1,977 shares during the quarter. Cetera Investment Advisers' holdings in Hamilton Lane were worth $696,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its stake in shares of Hamilton Lane by 11.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,280 shares of the company's stock worth $1,231,000 after acquiring an additional 834 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Hamilton Lane during the first quarter valued at approximately $202,000. KLP Kapitalforvaltning AS raised its position in shares of Hamilton Lane by 5.1% in the first quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the company's stock valued at $1,237,000 after purchasing an additional 400 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Hamilton Lane in the 1st quarter worth $1,454,000. Finally, Kingsview Wealth Management LLC boosted its holdings in Hamilton Lane by 3.6% during the first quarter. Kingsview Wealth Management LLC now owns 16,943 shares of the company's stock valued at $2,519,000 after acquiring an additional 593 shares during the period. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their target price on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of 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 upped their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $163.14.

Hamilton Lane Price Performance

Shares of HLNE traded down $0.79 during trading hours on Tuesday, hitting $154.61. The stock had a trading volume of 18,749 shares, compared to its average volume of 563,789. Hamilton Lane Inc. has a 52 week low of $124.10 and a 52 week high of $203.72. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 29.83 and a beta of 1.23. The company's fifty day moving average is $149.41 and its two-hundred day moving average is $151.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32.

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, topping the consensus estimate of $0.98 by $0.33. The firm had revenue of $196.73 million for the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 earnings per share. On average, analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be paid a $0.54 dividend. The ex-dividend date is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Hamilton Lane's dividend payout ratio (DPR) is 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.