Natixis Advisors LLC Grows Stock Position in Hamilton Lane Inc. (NASDAQ:HLNE)

Key Points

• Natixis Advisors LLC increased its holdings in Hamilton Lane Inc. by 25.0% during the first quarter, now owning 15,095 shares worth approximately $2.24 million.
• Hamilton Lane reported $1.31 EPS for the last quarter, exceeding estimates by $0.33, with revenue growth of 11.8% year-over-year.
• The firm declared a quarterly dividend of $0.54 per share, representing an annual yield of 1.4%, to be paid on October 6th.

Natixis Advisors LLC lifted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 25.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,095 shares of the company's stock after acquiring an additional 3,016 shares during the period. Natixis Advisors LLC's holdings in Hamilton Lane were worth $2,244,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in Hamilton Lane by 229.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after purchasing an additional 900,283 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Hamilton Lane by 25.3% in the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock worth $284,738,000 after buying an additional 388,019 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Hamilton Lane during the fourth quarter worth $24,081,000. GAMMA Investing LLC lifted its stake in shares of Hamilton Lane by 24,544.3% during the first quarter. GAMMA Investing LLC now owns 136,776 shares of the company's stock worth $203,340,000 after buying an additional 136,221 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of Hamilton Lane by 2,098.4% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 102,840 shares of the company's stock valued at $15,225,000 after buying an additional 98,162 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $153.19 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.83. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 29.46 and a beta of 1.23. The firm's 50 day simple moving average is $148.50 and its 200-day simple moving average is $151.78. Hamilton Lane Inc. has a 12 month low of $124.10 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.98 by $0.33. The company had revenue of $196.73 million for the quarter, compared to analyst estimates of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The firm's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. Analysts expect 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. Shareholders of record on Friday, September 19th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Hamilton Lane's dividend payout ratio is currently 41.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HLNE shares. JPMorgan Chase & Co. reduced their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Morgan Stanley reduced their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday. Finally, Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.

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