LVW Advisors LLC Makes New Investment in Hamilton Lane Inc. $HLNE

Key Points

• LVW Advisors LLC has acquired a new stake in Hamilton Lane Inc., purchasing 2,794 shares valued at approximately $397,000 during the second quarter.
• Major shareholder River 5 Ltd French recently sold 150,000 shares at an average price of $146.51, resulting in a 31.25% decrease in their position.
• Hamilton Lane's quarterly earnings reported a net margin of 30.66% and revenue of $196.73 million, exceeding analysts' estimates.

LVW Advisors LLC purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,794 shares of the company's stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Hamilton Lane in the 1st quarter valued at approximately $432,772,000. Wellington Management Group LLP raised its stake in shares of Hamilton Lane by 5.5% in the 1st quarter. Wellington Management Group LLP now owns 1,701,963 shares of the company's stock valued at $253,031,000 after acquiring an additional 88,100 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Hamilton Lane by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,368,373 shares of the company's stock valued at $203,437,000 after acquiring an additional 76,107 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Hamilton Lane by 63.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock valued at $189,555,000 after acquiring an additional 494,637 shares during the period. Finally, Champlain Investment Partners LLC purchased a new stake in shares of Hamilton Lane in the 1st quarter valued at approximately $112,887,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hamilton Lane

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares of the company's stock, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 22.21% of the company's stock.

Hamilton Lane Trading Up 0.9%

Shares of NASDAQ:HLNE opened at $140.90 on Friday. Hamilton Lane Inc. has a 52 week low of $124.10 and a 52 week high of $203.72. The company's 50 day moving average is $151.79 and its two-hundred day moving average is $150.55. 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 company has a market cap of $7.85 billion, a PE ratio of 27.10 and a beta of 1.26.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. During the same period in the prior year, the firm posted $1.47 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. Hamilton Lane's dividend payout ratio is currently 41.54%.

Analyst Ratings Changes

HLNE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Zacks Research upgraded shares of Hamilton Lane from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Keefe, Bruyette & Woods lifted their price objective 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. The Goldman Sachs Group upgraded shares of Hamilton Lane from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $149.00 to $162.00 in a report on Thursday, September 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of "Hold" and an average price target of $166.43.

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.

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