Intech Investment Management LLC Makes New Investment in Hamilton Lane Inc. $HLNE

Intech Investment Management LLC acquired a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,543 shares of the company’s stock, valued at approximately $7,756,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in Hamilton Lane by 347.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after acquiring an additional 153 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Hamilton Lane by 920.0% in the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after purchasing an additional 184 shares during the last quarter. Hantz Financial Services Inc. lifted 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 purchasing an additional 95 shares in the last quarter. First Horizon Corp bought a new position in shares of Hamilton Lane in the third quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC boosted its position in shares of Hamilton Lane by 126.4% during the third quarter. Global Retirement Partners LLC now owns 317 shares of the company’s stock valued at $43,000 after buying an additional 177 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HLNE shares. UBS Group lowered their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Oppenheimer increased their target price on shares of Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group raised shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.00.

Hamilton Lane Price Performance

HLNE opened at $104.94 on Friday. Hamilton Lane Inc. has a fifty-two week low of $98.00 and a fifty-two week high of $179.19. The firm has a 50-day moving average of $135.39 and a 200 day moving average of $134.55. 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 firm has a market cap of $5.85 billion, a P/E ratio of 18.84 and a beta of 1.30.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $195.36 million. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, research analysts expect that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be paid a $0.54 dividend. The ex-dividend date is Friday, March 20th. This represents a $2.16 annualized dividend and a yield of 2.1%. Hamilton Lane’s dividend payout ratio is presently 38.78%.

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.