Tokio Marine Asset Management Co. Ltd. Buys Shares of 1,820 Hamilton Lane Inc. $HLNE

Key Points

• Tokio Marine Asset Management acquired a new stake in Hamilton Lane Inc. (NASDAQ:HLNE), purchasing 1,820 shares valued at approximately $271,000 during the first quarter.
• Hamilton Lane reported earnings of $1.31 per share, surpassing analysts’ expectations of $0.98, with a quarterly revenue of $196.73 million, an 11.8% increase from the previous year.
• The company announced a quarterly dividend of $0.54 per share, representing a 1.4% yield, with the dividend payout ratio set at 41.54%.

Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 1,820 shares of the company's stock, valued at approximately $271,000.

Several other institutional investors also recently made changes to their positions in HLNE. Price T Rowe Associates Inc. MD raised its stake in shares of Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock worth $191,321,000 after buying an additional 900,283 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Hamilton Lane by 10.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company's stock worth $115,533,000 after buying an additional 70,976 shares during the last quarter. Van Berkom & Associates Inc. raised its stake in shares of Hamilton Lane by 7.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 659,220 shares of the company's stock worth $98,006,000 after buying an additional 45,605 shares during the last quarter. Northern Trust Corp raised its stake in shares of Hamilton Lane by 3.2% during the 4th quarter. Northern Trust Corp now owns 623,735 shares of the company's stock worth $92,344,000 after buying an additional 19,514 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Hamilton Lane by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 373,579 shares of the company's stock worth $55,540,000 after buying an additional 15,622 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on HLNE. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. cut their target price on shares of 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 shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Wells Fargo & Company boosted 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. Finally, Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Six 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, the company currently has an average rating of "Reduce" and a consensus target price of $163.14.

Hamilton Lane Trading Down 0.4%

Shares of NASDAQ HLNE traded down $0.65 on Thursday, reaching $149.77. 46,766 shares of the company traded hands, compared to its average volume of 563,228. Hamilton Lane Inc. has a fifty-two week low of $124.10 and a fifty-two week high of $203.72. The company has a 50 day moving average of $149.45 and a 200 day moving average of $151.53. 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 stock has a market capitalization of $8.34 billion, a PE ratio of 28.80 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. During the same quarter in the previous year, the business earned $1.47 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 19th. Hamilton Lane's dividend payout ratio is currently 41.54%.

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.