UBS Group AG Raises Stock Position in Hamilton Lane Inc. $HLNE

Key Points

• UBS Group AG boosted its stake in Hamilton Lane by 33.0% in Q4, adding 146,292 shares to own 590,201 shares (about 1.06% of the company) worth $79.27 million.
• Hamilton Lane beat Q4 expectations with EPS of $1.55 versus $1.28 expected and revenue of $198.6 million (up 18% year-over-year), reporting a 30.59% net margin and 27.82% return on equity.
• Analyst sentiment is mixed: the consensus is a Moderate Buy with a $155.38 target, but several brokers have recently trimmed price targets, and the stock carries a 2.3% yield ($2.16 annual dividend).

UBS Group AG boosted its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 33.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 590,201 shares of the company's stock after acquiring an additional 146,292 shares during the period. UBS Group AG owned about 1.06% of Hamilton Lane worth $79,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its stake in shares of Hamilton Lane by 10.5% during the fourth quarter. Sanctuary Advisors LLC now owns 19,091 shares of the company's stock worth $2,564,000 after purchasing an additional 1,814 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in Hamilton Lane in the 4th quarter valued at about $235,000. Copeland Capital Management LLC lifted its stake in Hamilton Lane by 5.9% in the 4th quarter. Copeland Capital Management LLC now owns 524,166 shares of the company's stock valued at $70,401,000 after buying an additional 28,981 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in Hamilton Lane by 27.7% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 22,103 shares of the company's stock worth $2,969,000 after buying an additional 4,789 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Hamilton Lane by 26.9% during the 4th quarter. M&T Bank Corp now owns 9,130 shares of the company's stock worth $1,226,000 after buying an additional 1,937 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $92.56 on Monday. Hamilton Lane Inc. has a one year low of $86.47 and a one year high of $179.19. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 16.62 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. The business's 50 day moving average price is $100.31 and its 200 day moving average price is $120.63.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.27. The business had revenue of $198.59 million during the quarter, compared to the consensus estimate of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The company's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. On average, research analysts predict that Hamilton Lane Inc. will post 6.2 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 20th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.3%. Hamilton Lane's payout ratio is 38.78%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HLNE. Morgan Stanley reduced their target price on Hamilton Lane from $159.00 to $141.00 and set an "equal weight" rating for the company in a report on Tuesday, April 21st. Oppenheimer dropped their price target on Hamilton Lane from $230.00 to $171.00 and set an "outperform" rating for the company in a research report on Monday, April 13th. Zacks Research downgraded Hamilton Lane from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Weiss Ratings restated a "hold (c+)" rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Finally, BMO Capital Markets lowered their target price on shares of Hamilton Lane from $148.00 to $118.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $155.38.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

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