Hamilton Lane Inc. (NASDAQ:HLNE) Stock Position Boosted by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates Inc. increased its stake in Hamilton Lane Inc. by 7.4% during the first quarter, making it the firm's 7th largest holding.
• Institutional investors own approximately 97.40% of Hamilton Lane's stock, with several hedge funds significantly boosting their positions recently.
• Hamilton Lane announced a quarterly dividend increase to $0.54 per share, marking an annualized yield of 1.38% and reflecting a payout ratio of 40.07%.

Van Berkom & Associates Inc. lifted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 7.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 659,220 shares of the company's stock after buying an additional 45,605 shares during the quarter. Hamilton Lane comprises 3.1% of Van Berkom & Associates Inc.'s holdings, making the stock its 7th biggest position. Van Berkom & Associates Inc. owned 1.19% of Hamilton Lane worth $98,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Hamilton Lane by 229.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after purchasing an additional 900,283 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hamilton Lane by 28.4% during the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after purchasing an additional 863,326 shares in the last quarter. Norges Bank acquired a new position in shares of Hamilton Lane in the fourth quarter worth approximately $68,909,000. Invesco Ltd. lifted its stake in shares of Hamilton Lane by 25.3% in the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock worth $284,738,000 after acquiring an additional 388,019 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Hamilton Lane in the fourth quarter worth approximately $24,081,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Ratings Changes

HLNE has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target 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 downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wall Street Zen cut Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Wells Fargo & Company lifted their target price on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Finally, Morgan Stanley cut their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $161.29.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE traded up $1.65 during trading on Wednesday, hitting $156.74. The company's stock had a trading volume of 82,928 shares, compared to its average volume of 582,140. The company has a 50-day moving average of $150.54 and a 200-day moving average of $151.42. Hamilton Lane Inc. has a 12 month low of $123.98 and a 12 month high of $203.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 4.83. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 29.16 and a beta of 1.22.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The firm had revenue of $197.97 million for the quarter, compared to the consensus estimate of $165.49 million. During the same quarter last year, the company earned $1.38 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Friday, June 20th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, June 20th. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's dividend payout ratio (DPR) is currently 40.07%.

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.