Intech Investment Management LLC Grows Stock Holdings in Hamilton Lane Inc. $HLNE

Key Points

• Intech Investment Management LLC increased its stake in Hamilton Lane Inc. by 44.4%, now owning a total of 26,167 shares valued at approximately $3.89 million.
• Hamilton Lane reported a net margin of 30.66% and earnings per share of $1.31, exceeding estimates by $0.33.
• The company declared a quarterly dividend of $0.54 per share, with a payout ratio of 41.54% and an annualized yield of 1.5%.

Intech Investment Management LLC grew its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 44.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,167 shares of the company's stock after purchasing an additional 8,051 shares during the period. Intech Investment Management LLC's holdings in Hamilton Lane were worth $3,890,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after purchasing an additional 126 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $26,000. Versant Capital Management Inc bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $33,000. Finally, Covestor Ltd boosted its stake in shares of Hamilton Lane by 375.9% during the 1st quarter. Covestor Ltd now owns 414 shares of the company's stock valued at $62,000 after purchasing an additional 327 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Up 3.7%

Hamilton Lane stock traded up $5.45 during trading hours on Thursday, hitting $151.58. The stock had a trading volume of 110,696 shares, compared to its average volume of 539,996. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $8.44 billion, a P/E ratio of 29.14 and a beta of 1.26. Hamilton Lane Inc. has a 12-month low of $124.10 and a 12-month high of $203.72. The stock's 50-day moving average price is $152.64 and its 200-day moving average price is $150.49.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results 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 business had revenue of $196.73 million during 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 business's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.47 earnings per share. Equities research analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

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

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the transaction, the insider directly owned 330,015 shares of the company's stock, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HLNE. Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. The Goldman Sachs Group raised shares of Hamilton Lane from a "sell" rating to a "neutral" rating and set a $162.00 price objective on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company boosted their price objective on shares of 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, Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $166.43.

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.