Wellington Management Group LLP Raises Holdings in Hamilton Lane Inc. $HLNE

Key Points

• Wellington Management Group LLP has increased its holdings in Hamilton Lane Inc. by 5.5%, owning approximately 3.07% of the company, valued at $253 million after acquiring 88,100 additional shares.
• Despite some analysts downgrading Hamilton Lane, its recent earnings report showed robust performance with $1.31 EPS, surpassing estimates significantly, along with a year-over-year revenue growth of 11.8%.
• The company recently announced a quarterly dividend of $0.54 per share, with an ex-dividend date set for September 19th, representing an annualized yield of 1.4%.

Wellington Management Group LLP lifted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,701,963 shares of the company's stock after buying an additional 88,100 shares during the period. Wellington Management Group LLP owned about 3.07% of Hamilton Lane worth $253,031,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. CWM LLC increased its holdings in Hamilton Lane by 18.2% in the first quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after buying an additional 94 shares in the last quarter. Lifestyle Asset Management Inc. increased its holdings in Hamilton Lane by 8.0% in the first quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock valued at $243,000 after buying an additional 121 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Hamilton Lane by 252.0% in the first 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 in the last quarter. Securian Asset Management Inc. increased its holdings in Hamilton Lane by 4.4% in the first quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock valued at $489,000 after buying an additional 140 shares in the last quarter. Finally, Snowden Capital Advisors LLC increased its holdings in Hamilton Lane by 2.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,411 shares of the company's stock valued at $1,101,000 after buying an additional 142 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Trading Down 0.8%

HLNE stock traded down $1.3150 during midday trading on Monday, hitting $155.4350. The stock had a trading volume of 39,657 shares, compared to its average volume of 559,499. The firm has a market cap of $8.65 billion, a PE ratio of 29.89 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32. Hamilton Lane Inc. has a 12-month low of $124.10 and a 12-month high of $203.72. The company's 50-day moving average price is $149.88 and its 200 day moving average price is $151.21.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.98 by $0.33. The firm had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. Hamilton Lane's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 EPS. On average, equities research analysts predict that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. Hamilton Lane's payout ratio is currently 41.54%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HLNE shares. Wall Street Zen raised shares of Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company increased their target price on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $163.14.

Hamilton Lane Company Profile

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.