Hamilton Lane Inc. $HLNE Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has increased its stake in Hamilton Lane Inc. by 2.2%, owning 79,055 shares valued at approximately $11.75 million.
• Several institutional investors, including Price T Rowe Associates and GAMMA Investing LLC, significantly boosted their holdings in Hamilton Lane, demonstrating strong interest in the company.
• Hamilton Lane reported $1.31 EPS for the last quarter, surpassing analysts' expectations of $0.98, with revenue up 11.8% year-over-year.

Russell Investments Group Ltd. raised its holdings in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,055 shares of the company's stock after buying an additional 1,672 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of Hamilton Lane worth $11,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HLNE. MassMutual Private Wealth & Trust FSB boosted its position in Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after buying an additional 126 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Hamilton Lane during the 1st quarter worth $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Hamilton Lane during the 1st quarter worth $33,000. Covestor Ltd lifted its position in shares of Hamilton Lane by 375.9% during the 1st quarter. Covestor Ltd now owns 414 shares of the company's stock worth $62,000 after purchasing an additional 327 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Hamilton Lane during the 4th quarter worth $65,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $0.50 during trading on Wednesday, reaching $150.42. The company's stock had a trading volume of 333,758 shares, compared to its average volume of 566,663. 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 firm has a market cap of $8.38 billion, a price-to-earnings ratio of 28.93 and a beta of 1.23. Hamilton Lane Inc. has a twelve month low of $124.10 and a twelve month high of $203.72. The business's fifty day moving average price is $149.39 and its 200-day moving average price is $151.54.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates 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%. Hamilton Lane's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. As a group, analysts anticipate that Hamilton Lane Inc. will post 4.97 EPS 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 dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, September 19th. Hamilton Lane's payout ratio is 41.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HLNE. Wells Fargo & Company lifted 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. Keefe, Bruyette & Woods lifted their price objective 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. Oppenheimer cut shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. reduced their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hamilton Lane currently has an average rating of "Reduce" and an average target price of $163.14.

About Hamilton Lane

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.