XTX Topco Ltd Grows Stock Holdings in Hamilton Lane Inc. (NASDAQ:HLNE)

Key Points

• XTX Topco Ltd increased its stake in Hamilton Lane Inc. by 86.7% in the first quarter, owning 8,252 shares valued at approximately $1.23 million.
• Hamilton Lane recently announced a quarterly dividend of $0.54 per share, demonstrating a positive change from the previous $0.49 dividend.
• The company's earnings report revealed a quarterly EPS of $1.21, beating analyst estimates, with revenue of $197.97 million, up 12.1% compared to the prior year.

XTX Topco Ltd increased its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 86.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,252 shares of the company's stock after acquiring an additional 3,833 shares during the quarter. XTX Topco Ltd's holdings in Hamilton Lane were worth $1,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLNE. MassMutual Private Wealth & Trust FSB raised its stake in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after acquiring an additional 126 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Hamilton Lane during the first quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Hamilton Lane during the first quarter worth approximately $33,000. Kapitalo Investimentos Ltda purchased a new position in shares of Hamilton Lane during the fourth quarter worth approximately $65,000. Finally, UMB Bank n.a. increased its stake in Hamilton Lane by 270.3% in the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock valued at $70,000 after purchasing an additional 346 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

HLNE stock traded up $0.83 on Wednesday, reaching $157.60. 316,996 shares of the company's stock were exchanged, compared to its average volume of 579,815. The stock has a fifty day moving average of $148.94 and a 200-day moving average of $151.72. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. The firm has a market cap of $8.44 billion, a PE ratio of 29.25 and a beta of 1.23. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31.

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 (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.33. The firm had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. Hamilton Lane's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. As a group, equities analysts predict that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Hamilton Lane's payout ratio is currently 41.54%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of 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 target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $163.14.

About Hamilton Lane

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.