Hamilton Lane Inc. $HLNE Shares Purchased by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. increased its stake in Hamilton Lane Inc. by 5.9% in the 1st quarter, acquiring an additional 76,107 shares, bringing their total ownership to approximately 1,368,373 shares valued at $203.4 million.
• Hamilton Lane recently reported earnings of $1.31 per share, beating analysts' expectations of $0.98, with quarterly revenue increasing by 11.8% year-over-year to $196.73 million.
• The company announced a quarterly dividend of $0.54, scheduled to be paid on October 6th, with an annualized dividend yield of 1.4% and a payout ratio of 41.54%.

Price T Rowe Associates Inc. MD lifted its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,368,373 shares of the company's stock after acquiring an additional 76,107 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 2.47% of Hamilton Lane worth $203,437,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its stake in shares of Hamilton Lane by 63.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock valued at $189,555,000 after buying an additional 494,637 shares during the period. Nuveen LLC purchased a new position in Hamilton Lane during the first quarter valued at approximately $24,334,000. GAMMA Investing LLC lifted its holdings in 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. Public Employees Retirement Association of Colorado boosted its position in Hamilton Lane by 2,098.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 102,840 shares of the company's stock valued at $15,225,000 after acquiring an additional 98,162 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of Hamilton Lane in the 4th quarter valued at $13,491,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on HLNE shares. Wall Street Zen upgraded shares of Hamilton Lane from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. cut their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wells Fargo & Company upped their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $163.14.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock traded down $1.29 on Friday, hitting $153.57. 147,347 shares of the company were exchanged, compared to its average volume of 554,879. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 29.55 and a beta of 1.23. The company has a 50-day moving average price of $151.29 and a 200 day moving average price of $151.08. Hamilton Lane Inc. has a 1-year low of $124.10 and a 1-year high of $203.72. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted 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 firm had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 earnings per share. As a group, sell-side analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

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