Jefferies Financial Group Inc. Buys 13,589 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Jefferies Financial Group increased its stake in Hamilton Lane by 51.5% in Q3, buying 13,589 shares to hold 39,950 shares valued at $5,385,000 (about 0.07% of the company).
• Hamilton Lane beat quarterly expectations with $1.55 EPS (vs. $1.28 est.) and revenue up 18% year-over-year, and it declared a quarterly dividend of $0.54 per share (2.0% yield, $2.16 annualized).

Jefferies Financial Group Inc. grew its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 51.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,950 shares of the company's stock after purchasing an additional 13,589 shares during the period. Jefferies Financial Group Inc. owned about 0.07% of Hamilton Lane worth $5,385,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada boosted its position in Hamilton Lane by 6.0% in the first quarter. Royal Bank of Canada now owns 52,466 shares of the company's stock valued at $7,800,000 after buying an additional 2,948 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Hamilton Lane by 4,806.7% during the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company's stock worth $759,000 after buying an additional 4,999 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock worth $57,000 after buying an additional 254 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Hamilton Lane in the second quarter valued at approximately $444,000. Finally, Summit Investment Advisors Inc. raised its stake in shares of Hamilton Lane by 2.4% in the first quarter. Summit Investment Advisors Inc. now owns 12,538 shares of the company's stock valued at $1,864,000 after acquiring an additional 293 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $105.57 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. The firm has a 50 day simple moving average of $131.67 and a 200 day simple moving average of $132.25. Hamilton Lane Inc. has a fifty-two week low of $98.00 and a fifty-two week high of $179.19. The firm has a market cap of $5.89 billion, a P/E ratio of 18.95 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.27. The firm had revenue of $198.59 million for the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The business's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. Sell-side analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane's dividend payout ratio is 38.78%.

Analyst Ratings Changes

A number of research firms recently commented on HLNE. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $161.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Zacks Research raised Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 4th. Morgan Stanley set a $159.00 target price on Hamilton Lane in a report on Tuesday, January 27th. Finally, UBS Group lowered their target price on Hamilton Lane from $184.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Hamilton Lane presently has an average rating of "Moderate Buy" and an average target price of $169.00.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

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