MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in Hamilton Lane Inc. $HLNE

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hamilton Lane Inc. by 8.0%, acquiring an additional 1,743 shares, bringing its total holdings to 23,615 shares worth approximately $3.5 million.
• In the 1st quarter, multiple institutional investors significantly bolstered their positions in Hamilton Lane, with Kayne Anderson Rudnick Investment Management investing $432.77 million in new shares.
• Hamilton Lane announced a quarterly dividend of $0.54, reflecting an annualized yield of 1.5%, to be paid on October 6th to shareholders of record as of September 19th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,615 shares of the company's stock after acquiring an additional 1,743 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Hamilton Lane were worth $3,511,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Hamilton Lane in the 1st quarter valued at about $432,772,000. Wellington Management Group LLP grew its position in 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 in the last quarter. T. Rowe Price Investment Management Inc. grew its position in 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 in the last quarter. Finally, Champlain Investment Partners LLC acquired a new position in Hamilton Lane in the 1st quarter valued at about $112,887,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Stock Up 3.3%

HLNE traded up $4.86 on Thursday, reaching $150.99. The company's stock had a trading volume of 316,186 shares, compared to its average volume of 324,241. The stock has a 50 day moving average of $152.60 and a two-hundred day moving average of $150.48. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 29.04 and a beta of 1.26. Hamilton Lane Inc. has a fifty-two week low of $124.10 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.33. The firm had revenue of $196.73 million during 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 firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. As a group, analysts forecast that Hamilton Lane Inc. will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane's dividend payout ratio is 41.54%.

Insider Transactions at Hamilton Lane

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

Analyst Ratings Changes

Several equities analysts have weighed in on HLNE shares. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday, August 6th. Wells Fargo & Company boosted their price objective 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. The Goldman Sachs Group raised Hamilton Lane from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $149.00 to $162.00 in a research report on Thursday. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. lowered their price objective on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $166.43.

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.