According to Zacks, “Hamilton Lane is an affiliate of Hamilton Lane Advisors, L.L.C. is an investment management firm which provide private market solutions. It operates primarily in U.S., Europe, Asia, Latin America and the Middle East. Hamilton Lane is based in Bala Cynwyd, United States. “
Several other analysts also recently issued reports on HLNE. Oppenheimer started coverage on Hamilton Lane in a report on Tuesday, June 25th. They set a market perform rating on the stock. They noted that the move was a valuation call. CIBC started coverage on Hamilton Lane in a report on Tuesday, June 25th. They set a market perform rating on the stock. Keefe, Bruyette & Woods downgraded Hamilton Lane from a market perform rating to an underperform rating and boosted their price objective for the stock from $49.00 to $53.00 in a report on Thursday, July 11th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price objective on Hamilton Lane from $56.00 to $60.00 and gave the stock an overweight rating in a report on Friday, May 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $51.00.
Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.05). The business had revenue of $65.00 million during the quarter, compared to the consensus estimate of $71.21 million. Hamilton Lane had a return on equity of 62.81% and a net margin of 14.24%. Hamilton Lane’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that Hamilton Lane will post 2.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, September 13th. This represents a $1.10 annualized dividend and a yield of 1.96%. Hamilton Lane’s payout ratio is presently 57.59%.
In other Hamilton Lane news, major shareholder Michael John Kelly sold 3,792 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $52.79, for a total transaction of $200,179.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 43.91% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Wasatch Advisors Inc. increased its holdings in shares of Hamilton Lane by 7.4% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,067,597 shares of the company’s stock valued at $117,977,000 after purchasing an additional 143,177 shares during the period. BlackRock Inc. increased its holdings in shares of Hamilton Lane by 24.6% in the 2nd quarter. BlackRock Inc. now owns 1,505,909 shares of the company’s stock valued at $85,926,000 after purchasing an additional 297,371 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Hamilton Lane by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 833,200 shares of the company’s stock valued at $47,542,000 after purchasing an additional 43,300 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Hamilton Lane by 6,643.4% in the 1st quarter. JPMorgan Chase & Co. now owns 746,152 shares of the company’s stock valued at $32,517,000 after purchasing an additional 735,087 shares during the period. Finally, Brown Advisory Inc. increased its holdings in shares of Hamilton Lane by 0.4% in the 2nd quarter. Brown Advisory Inc. now owns 671,287 shares of the company’s stock valued at $38,305,000 after purchasing an additional 2,929 shares during the period. Institutional investors own 44.71% of the company’s stock.
About Hamilton Lane
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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