Liontrust Investment Partners LLP Takes Position in Hamilton Lane Inc. $HLNE

Key Points

• Liontrust Investment Partners LLP acquired a new stake in Hamilton Lane Inc. valued at approximately $437,000 during the 1st quarter, purchasing 2,939 shares.
• Hamilton Lane reported a Q2 EPS of $1.31, surpassing analysts' expectations by $0.33, and showed an 11.8% year-over-year revenue increase to $196.73 million.
• The firm announced a quarterly dividend of $0.54 per share, representing a dividend yield of 1.4%, set to be paid on October 6th.

Liontrust Investment Partners LLP purchased a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,939 shares of the company's stock, valued at approximately $437,000.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Hamilton Lane by 65.8% in the first quarter. GAMMA Investing LLC now owns 920 shares of the company's stock valued at $137,000 after acquiring an additional 365 shares during the period. OneDigital Investment Advisors LLC purchased a new stake in Hamilton Lane in the first quarter worth $225,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hamilton Lane by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company's stock valued at $1,437,000 after acquiring an additional 1,084 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Hamilton Lane by 6.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock valued at $508,000 after purchasing an additional 212 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of Hamilton Lane by 11.3% during the first quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock valued at $1,172,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ:HLNE traded down $1.4930 during trading hours on Thursday, reaching $148.9270. The company had a trading volume of 79,186 shares, compared to its average volume of 563,424. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 28.64 and a beta of 1.23. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm's 50 day moving average price is $149.45 and its 200-day moving average price is $151.53. 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 released its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.33. The firm had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the business posted $1.47 EPS. On average, analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.5%. Hamilton Lane's dividend payout ratio is presently 41.54%.

Analyst Ratings Changes

Several research analysts have recently issued reports on HLNE shares. Wells Fargo & Company increased their target price on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. cut their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of "Reduce" and a consensus target price of $163.14.

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.