Price T Rowe Associates Inc. MD Has $203.44 Million Position in Hamilton Lane Inc. $HLNE

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 increased its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 2.47% of Hamilton Lane worth $203,437,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HLNE. MassMutual Private Wealth & Trust FSB grew its position in shares of Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after purchasing an additional 126 shares during the last quarter. Versant Capital Management Inc bought a new position in Hamilton Lane in the 1st quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Hamilton Lane during the first quarter worth approximately $33,000. Covestor Ltd grew its stake in shares of Hamilton Lane by 375.9% in the first quarter. Covestor Ltd now owns 414 shares of the company's stock worth $62,000 after acquiring an additional 327 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in Hamilton Lane during the fourth quarter worth $65,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hamilton Lane Price Performance

Hamilton Lane stock traded down $0.52 during mid-day trading on Friday, hitting $154.34. 299,723 shares of the company were exchanged, compared to its average volume of 378,244. 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 business has a fifty day moving average of $151.64 and a 200 day moving average of $151.05. Hamilton Lane Inc. has a 1-year low of $124.10 and a 1-year high of $203.72. The company has a market capitalization of $8.59 billion, a PE ratio of 29.68 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its 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. 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 for the quarter, compared to the consensus estimate of $166.96 million. During the same quarter in the previous year, the company earned $1.47 EPS. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company 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 $0.54 dividend. 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 payout ratio is 41.54%.

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.