National Bank of Canada FI Purchases 2,933 Shares of Hamilton Lane Inc. $HLNE

Key Points

• National Bank of Canada FI increased its holdings in Hamilton Lane Inc. by 19.7% during Q1, owning 17,836 shares valued at approximately $2.65 million.
• Analysts have set a new average target price of $163.14 for Hamilton Lane, with most ratings categorized as "Hold."
• The company reported earnings of $1.31 per share for the last quarter, exceeding analysts' expectations, and has announced a quarterly dividend of $0.54 per share.

National Bank of Canada FI increased its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 19.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,836 shares of the company's stock after purchasing an additional 2,933 shares during the period. National Bank of Canada FI's holdings in Hamilton Lane were worth $2,651,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB lifted 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 purchasing an additional 126 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Hamilton Lane in the 1st quarter worth $30,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Hamilton Lane in the 1st quarter worth $33,000. Kapitalo Investimentos Ltda bought a new position in Hamilton Lane during the 4th quarter valued at $65,000. Finally, UMB Bank n.a. lifted its stake in Hamilton Lane by 270.3% during the 1st quarter. UMB Bank n.a. now owns 474 shares of the company's stock valued at $70,000 after acquiring an additional 346 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Price Performance

Shares of HLNE traded down $0.87 during midday trading on Tuesday, hitting $154.53. 30,426 shares of the company traded hands, compared to its average volume of 563,837. The stock has a 50-day moving average of $149.41 and a 200-day moving average of $151.55. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72. The firm has a market cap of $8.28 billion, a P/E ratio of 29.80 and a beta of 1.23. 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm had revenue of $196.73 million for the quarter, compared to analysts' expectations of $166.96 million. During the same period in the prior year, the business posted $1.47 earnings per share. The company's revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. Hamilton Lane's payout ratio is presently 41.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HLNE shares. Wells Fargo & Company raised their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. dropped their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Hamilton Lane has a consensus rating of "Reduce" and an average target price of $163.14.

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.