Natixis Advisors LLC Raises Stock Holdings 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 boosted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 25.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,095 shares of the company's stock after acquiring an additional 3,016 shares during the quarter. Natixis Advisors LLC's holdings in Hamilton Lane were worth $2,244,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HLNE. MassMutual Private Wealth & Trust FSB increased its position in Hamilton Lane by 252.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after acquiring an additional 126 shares during the last quarter. Versant Capital Management Inc bought a new position in Hamilton Lane during the first quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. bought a new position in Hamilton Lane during the first quarter valued at approximately $33,000. Kapitalo Investimentos Ltda bought a new position in Hamilton Lane during the fourth quarter valued at approximately $65,000. Finally, UMB Bank n.a. boosted its stake in Hamilton Lane by 270.3% during the first quarter. UMB Bank n.a. now owns 474 shares of the company's stock valued at $70,000 after buying an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Trading Up 3.5%

HLNE stock traded up $5.32 during midday trading on Tuesday, reaching $157.87. 33,196 shares of the company traded hands, compared to its average volume of 572,483. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. The business has a 50 day moving average of $148.67 and a 200-day moving average of $151.58. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 30.38 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. The firm 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 business posted $1.47 earnings per share. The company's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, sell-side analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal 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 issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 19th. Hamilton Lane's dividend payout ratio is presently 41.54%.

Analysts Set New Price Targets

A number of brokerages recently commented on HLNE. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. dropped their price target 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. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company increased their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Morgan Stanley dropped their price target 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. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average 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.