Vanguard Group Inc. Trims Stock Holdings in Hamilton Lane Inc. $HLNE

Key Points

• Vanguard Group reduced its stake in Hamilton Lane by 0.6% in Q4, selling 21,329 shares and now owns 3,696,904 shares — about 6.63% of the company valued at roughly $496.5 million.
• Hamilton Lane beat quarterly expectations with EPS $1.55 versus $1.28 and revenue up 18% year-over-year, yet the stock trades near $92.41 — below its 50-day ($100.02) and 200-day ($120.43) moving averages and with a market cap of $5.15 billion.
• Institutional investors hold 97.40% of shares, with large position increases from firms like Millennium (+418.8%) and Champlain (+33.8%), while analysts maintain a "Moderate Buy" consensus with an average target of $155.38 despite recent price-target cuts.

Vanguard Group Inc. reduced its position in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,696,904 shares of the company's stock after selling 21,329 shares during the quarter. Vanguard Group Inc. owned about 6.63% of Hamilton Lane worth $496,531,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Millennium Management LLC grew its position in Hamilton Lane by 418.8% during the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company's stock worth $142,946,000 after purchasing an additional 856,112 shares during the last quarter. Champlain Investment Partners LLC increased its position in Hamilton Lane by 33.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company's stock valued at $187,140,000 after acquiring an additional 350,437 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $40,855,000. Deprince Race & Zollo Inc. purchased a new stake in Hamilton Lane during the 4th quarter valued at approximately $40,480,000. Finally, Massachusetts Financial Services Co. MA lifted its position in Hamilton Lane by 6,649.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 286,699 shares of the company's stock worth $38,507,000 after acquiring an additional 282,451 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $92.41 on Wednesday. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 16.59 and a beta of 1.18. The business's 50 day moving average is $100.02 and its two-hundred day moving average is $120.43. Hamilton Lane Inc. has a 12-month low of $86.47 and a 12-month high of $179.19. 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 posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.28 by $0.27. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The business had revenue of $198.59 million during the quarter, compared to analysts' expectations of $195.36 million. During the same period last year, the firm earned $1.25 EPS. The company's quarterly revenue was up 18.0% compared to the same quarter last year. Research analysts expect that Hamilton Lane Inc. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HLNE. Oppenheimer lowered their target price on Hamilton Lane from $230.00 to $171.00 and set an "outperform" rating on the stock in a research note on Monday, April 13th. UBS Group cut their price target on Hamilton Lane from $184.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 20th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, January 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Hamilton Lane in a research note on Thursday, January 22nd. Finally, Morgan Stanley cut their price objective on shares of Hamilton Lane from $159.00 to $141.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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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