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

A number of other institutional investors have also added to or reduced their stakes in HLNE. MassMutual Private Wealth & Trust FSB increased its position in Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after acquiring an additional 126 shares during the period. WPG Advisers LLC bought a new position in shares of Hamilton Lane in the first quarter valued at $26,000. Versant Capital Management Inc purchased a new stake in shares of Hamilton Lane in the first quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Hamilton Lane in the first quarter valued at about $33,000. Finally, Covestor Ltd raised its holdings in shares of Hamilton Lane by 375.9% in the first quarter. Covestor Ltd now owns 414 shares of the company's stock valued at $62,000 after purchasing an additional 327 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hamilton Lane

In other news, major shareholder River 5 Ltd French sold 150,000 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider owned 330,015 shares in the company, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 22.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HLNE. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. cut their price objective on shares of 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 target price on shares of 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 upgraded shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $163.14.

Hamilton Lane Trading Down 1.5%

Hamilton Lane stock traded down $2.26 during mid-day trading on Monday, reaching $146.53. 295,296 shares of the company traded hands, compared to its average volume of 346,422. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. The firm's 50 day moving average price is $152.69 and its 200 day moving average price is $150.54. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 28.18 and a beta of 1.26. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72.

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, beating analysts' consensus estimates of $0.98 by $0.33. The business had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. On average, analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced 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. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 19th. Hamilton Lane's payout ratio is 41.54%.

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.