Nuveen LLC Makes New $24.33 Million Investment in Hamilton Lane Inc. $HLNE

Key Points

• Nuveen LLC made a significant investment of $24.33 million in Hamilton Lane Inc. by acquiring 163,676 shares during the first quarter, equating to a 0.30% ownership stake.
• Several large investors increased their positions in Hamilton Lane, with Townsquare Capital LLC notably raising its stake by 714.9%, now owning 17,178 shares valued at approximately $2.55 million.
• The company reported an earnings per share of $1.31 for the last quarter, surpassing expectations, while also announcing a quarterly dividend of $0.54 to be paid on October 6th.

Nuveen LLC acquired a new position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 163,676 shares of the company's stock, valued at approximately $24,334,000. Nuveen LLC owned 0.30% of Hamilton Lane as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Entropy Technologies LP acquired a new stake in shares of Hamilton Lane in the 1st quarter worth about $387,000. Covestor Ltd increased its holdings in shares of Hamilton Lane by 375.9% in the 1st quarter. Covestor Ltd now owns 414 shares of the company's stock worth $62,000 after acquiring an additional 327 shares during the period. Cynosure Group LLC increased its holdings in shares of Hamilton Lane by 16.2% in the 1st quarter. Cynosure Group LLC now owns 2,307 shares of the company's stock worth $343,000 after acquiring an additional 321 shares during the period. Townsquare Capital LLC increased its stake in Hamilton Lane by 714.9% during the 1st quarter. Townsquare Capital LLC now owns 17,178 shares of the company's stock valued at $2,554,000 after buying an additional 15,070 shares during the period. Finally, National Bank of Canada FI increased its stake in Hamilton Lane by 19.7% during the 1st quarter. National Bank of Canada FI now owns 17,836 shares of the company's stock valued at $2,651,000 after buying an additional 2,933 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

HLNE has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods boosted 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, August 6th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $163.14.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $155.40 on Tuesday. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. 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 50-day moving average of $149.41 and a 200-day moving average of $151.55. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 29.88 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $166.96 million. During the same quarter last year, the firm posted $1.47 EPS. The business's revenue for the quarter was up 11.8% on a year-over-year basis. Analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders 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 (DPR) is presently 41.54%.

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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