Van Berkom & Associates Inc. Has $102.03 Million Stake in Hamilton Lane Inc. $HLNE

Key Points

• Van Berkom & Associates increased its stake in Hamilton Lane by 10.7% to 759,628 shares worth about $102.03 million, representing roughly 1.36% ownership and making HLNE its fifth-largest holding.
• The analyst consensus is a "Moderate Buy" with an average target of $155.38, though recent price-target revisions vary widely (about $118 to $170) after mixed analyst updates.
• Hamilton Lane recently beat expectations with $1.55 EPS (vs. $1.28 est.) and revenue of $198.6M, up 18% year-over-year; the stock trades at a P/E of ~16.4 and a market cap near $5.08 billion.

Van Berkom & Associates Inc. raised its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 759,628 shares of the company's stock after purchasing an additional 73,424 shares during the period. Hamilton Lane makes up about 2.9% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 5th biggest holding. Van Berkom & Associates Inc. owned about 1.36% of Hamilton Lane worth $102,026,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HLNE. Quarry LP increased its stake in Hamilton Lane by 2,557.1% in the third quarter. Quarry LP now owns 186 shares of the company's stock valued at $25,000 after purchasing an additional 179 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Hamilton Lane in the third quarter valued at approximately $26,000. Cornerstone Planning Group LLC boosted its holdings in shares of Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company's stock valued at $27,000 after buying an additional 153 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company's stock valued at $29,000 after buying an additional 95 shares during the period. Finally, First Horizon Corp acquired a new position in shares of Hamilton Lane in the third quarter valued at approximately $31,000. Institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 20th. Zacks Research cut shares of Hamilton Lane from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an "outperform" rating in a report on Thursday, January 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Finally, BMO Capital Markets reduced their price target on shares of Hamilton Lane from $148.00 to $118.00 and set an "outperform" rating for the company in a report on Tuesday, March 24th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $155.38.

Hamilton Lane Stock Performance

Shares of HLNE opened at $91.12 on Tuesday. Hamilton Lane Inc. has a 12 month low of $86.47 and a 12 month high of $179.19. The firm has a fifty day simple moving average of $100.31 and a 200 day simple moving average of $120.63. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 16.36 and a beta of 1.18. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21.

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

Hamilton Lane Company Profile

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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