XTX Topco Ltd Boosts Stock Position 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 grew its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 86.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,252 shares of the company's stock after purchasing 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 reporting period.

Other large investors also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Hamilton Lane by 27.2% during the fourth quarter. LPL Financial LLC now owns 9,816 shares of the company's stock valued at $1,453,000 after acquiring an additional 2,101 shares during the last quarter. Norges Bank purchased a new stake in Hamilton Lane in the fourth quarter worth $68,909,000. Nomura Asset Management Co. Ltd. increased its position in Hamilton Lane by 567.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,444 shares of the company's stock worth $510,000 after buying an additional 2,928 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Hamilton Lane by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock worth $801,000 after buying an additional 108 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Hamilton Lane in the fourth quarter worth $12,487,000. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Up 2.1%

NASDAQ:HLNE traded up $3.11 during mid-day trading on Monday, reaching $150.90. 503,265 shares of the company's stock traded hands, compared to its average volume of 399,959. Hamilton Lane Inc. has a 12-month low of $123.98 and a 12-month high of $203.72. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 29.32 and a beta of 1.23. 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 company has a 50 day moving average price of $149.54 and a 200-day moving average price of $151.68.

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

Hamilton Lane Increases Dividend

The company also recently announced 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 is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 20th. 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 currently 40.07%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods reduced their price target on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research report on Monday, June 2nd. JPMorgan Chase & Co. reduced their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Finally, Wall Street Zen cut Hamilton Lane from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, Hamilton Lane has an average rating of "Hold" and an average target price of $161.29.

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.