JPMorgan Chase & Co. Sells 52,386 Shares of Hamilton Lane Inc. $HLNE

Key Points

• JPMorgan Chase & Co. sold 52,386 shares of Hamilton Lane, cutting its stake by 10.9% to 429,993 shares worth about $57.96 million (≈0.77% ownership).
• Several large institutions increased positions—Invesco +7.3% (to 1.53M shares), Champlain +33.8% (to 1.39M), and Millennium +418.8% (to 1.06M)—leaving institutional ownership at 97.4%.
• Analysts give HLNE a Moderate Buy consensus with an average target of $169; the company recently beat quarterly estimates (EPS $1.55 vs. $1.28) and announced a $0.54 quarterly dividend (annualized $2.16, ~2.1% yield).

JPMorgan Chase & Co. lowered its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 10.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 429,993 shares of the company's stock after selling 52,386 shares during the period. JPMorgan Chase & Co. owned 0.77% of Hamilton Lane worth $57,959,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of Hamilton Lane by 7.3% in the third quarter. Invesco Ltd. now owns 1,534,836 shares of the company's stock valued at $206,880,000 after buying an additional 104,977 shares in the last quarter. Champlain Investment Partners LLC raised its position in Hamilton Lane by 33.8% during the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company's stock worth $187,140,000 after acquiring an additional 350,437 shares in the last quarter. Millennium Management LLC lifted its stake in Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company's stock valued at $142,946,000 after acquiring an additional 856,112 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in Hamilton Lane by 0.8% in the third quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company's stock valued at $92,493,000 after acquiring an additional 5,130 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Hamilton Lane by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 665,043 shares of the company's stock valued at $89,649,000 after acquiring an additional 25,375 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HLNE shares. Zacks Research upgraded shares of Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 4th. Oppenheimer raised their target price on shares of Hamilton Lane from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $164.00 to $166.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $161.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hamilton Lane presently has an average rating of "Moderate Buy" and an average price target of $169.00.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $101.00 on Friday. The firm has a 50-day moving average price of $125.08 and a two-hundred day moving average price of $129.48. Hamilton Lane Inc. has a 12-month low of $92.77 and a 12-month high of $179.19. The company has a market capitalization of $5.63 billion, a P/E ratio of 18.13 and a beta of 1.32. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.27. The company had revenue of $198.59 million during the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. Analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.16 annualized dividend and a yield of 2.1%. Hamilton Lane's payout ratio is currently 38.78%.

Hamilton Lane Company 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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