Kornitzer Capital Management Inc. KS Trims Stock Position in Hamilton Lane Inc. $HLNE

Key Points

• Kornitzer Capital Management cut its stake in Hamilton Lane by 37.9% in Q4, selling 15,572 shares and ending the quarter with 25,566 shares worth about $3.43 million.
• Several other institutions adjusted positions—Danske Bank increased its holding dramatically (up ~19,024%), Oppenheimer opened a new stake, and overall institutional/hedge fund ownership stands at 97.40%.
• Hamilton Lane beat Q earnings and revenue estimates (EPS $1.55 vs. $1.28; revenue $198.6M, up 18% YoY), has a market cap of about $5.16 billion with a P/E of 16.62, and pays a quarterly dividend of $0.54 (≈2.3% yield).

Kornitzer Capital Management Inc. KS lessened its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 37.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,566 shares of the company's stock after selling 15,572 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Hamilton Lane were worth $3,434,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Danske Bank A S lifted its position in shares of Hamilton Lane by 19,024.0% during the 4th quarter. Danske Bank A S now owns 19,124 shares of the company's stock worth $2,569,000 after buying an additional 19,024 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Hamilton Lane in the 4th quarter valued at $2,328,000. Oppenheimer Asset Management Inc. raised its position in Hamilton Lane by 19.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 29,325 shares of the company's stock valued at $3,939,000 after purchasing an additional 4,757 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Hamilton Lane by 21.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 17,223 shares of the company's stock valued at $2,313,000 after purchasing an additional 3,029 shares during the last quarter. Finally, R Squared Ltd raised its position in Hamilton Lane by 15.4% in the 4th quarter. R Squared Ltd now owns 1,755 shares of the company's stock valued at $236,000 after purchasing an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

Shares of HLNE opened at $92.56 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. The stock has a market capitalization of $5.16 billion, a P/E ratio of 16.62 and a beta of 1.18. The company's fifty day moving average is $100.31 and its two-hundred day moving average is $120.66. Hamilton Lane Inc. has a 1 year low of $86.47 and a 1 year high of $179.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.27. The company had revenue of $198.59 million for the quarter, compared to analysts' expectations of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. Hamilton Lane's revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. On average, sell-side analysts predict that Hamilton Lane Inc. will post 6.2 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 20th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, March 20th. Hamilton Lane's payout ratio is currently 38.78%.

Analysts Set New Price Targets

Several analysts recently commented on HLNE shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, January 8th. UBS Group reduced their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 20th. Oppenheimer reduced their price target on shares of Hamilton Lane from $230.00 to $171.00 and set an "outperform" rating for the company in a research report on Monday, April 13th. Finally, Morgan Stanley reduced their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Hamilton Lane currently has an average rating of "Moderate Buy" and a consensus target price of $155.38.

About Hamilton Lane

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.