SG Americas Securities LLC Raises Stock Holdings in Hamilton Lane Inc. $HLNE

SG Americas Securities LLC boosted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 541.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 71,717 shares of the company’s stock after acquiring an additional 60,542 shares during the quarter. SG Americas Securities LLC owned about 0.13% of Hamilton Lane worth $9,632,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Hamilton Lane by 7.3% in the third quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock worth $206,880,000 after purchasing an additional 104,977 shares during the last quarter. Champlain Investment Partners LLC boosted its position in Hamilton Lane by 33.8% in the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock valued at $187,140,000 after buying an additional 350,437 shares during the last quarter. Millennium Management LLC boosted its position in Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after buying an additional 856,112 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in Hamilton Lane by 0.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company’s stock worth $92,493,000 after buying an additional 5,130 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Hamilton Lane by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 665,043 shares of the company’s stock worth $89,649,000 after buying an additional 25,375 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $94.77 on Monday. 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 Inc. has a 12 month low of $92.77 and a 12 month high of $179.19. The stock’s 50 day simple moving average is $118.97 and its two-hundred day simple moving average is $127.13. The firm has a market cap of $5.29 billion, a PE ratio of 17.01 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating 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 firm had revenue of $198.59 million during the quarter, compared to analyst estimates of $195.36 million. During the same period in the previous year, the firm earned $1.25 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. Analysts anticipate that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 20th will be given a $0.54 dividend. The ex-dividend date is Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.3%. Hamilton Lane’s dividend payout ratio is 38.78%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley set a $159.00 price objective on shares of Hamilton Lane in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. BMO Capital Markets reduced their target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Finally, Oppenheimer upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.00.

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.