Vaughan Nelson Investment Management L.P. Invests $40.86 Million in Hamilton Lane Inc. $HLNE

Vaughan Nelson Investment Management L.P. purchased a new position in Hamilton Lane Inc. (NASDAQ:HLNE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 304,185 shares of the company’s stock, valued at approximately $40,855,000. Vaughan Nelson Investment Management L.P. owned about 0.55% of Hamilton Lane at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HLNE. Millennium Management LLC lifted its stake in shares of Hamilton Lane by 418.8% in the third quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock worth $142,946,000 after buying an additional 856,112 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in Hamilton Lane by 33.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock valued at $187,140,000 after purchasing an additional 350,437 shares during the last quarter. Norges Bank bought a new stake in shares of Hamilton Lane in the 2nd quarter worth $46,641,000. Balyasny Asset Management L.P. raised its stake in shares of Hamilton Lane by 159.3% in the third quarter. Balyasny Asset Management L.P. now owns 347,135 shares of the company’s stock worth $46,790,000 after purchasing an additional 213,251 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of Hamilton Lane by 512.0% during the third quarter. Tudor Investment Corp ET AL now owns 252,235 shares of the company’s stock valued at $33,999,000 after purchasing an additional 211,022 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Trading Up 3.3%

Shares of NASDAQ:HLNE opened at $97.89 on Tuesday. The stock’s 50-day simple moving average is $117.87 and its two-hundred day simple moving average is $126.73. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 17.57 and a beta of 1.32. Hamilton Lane Inc. has a 52-week low of $92.77 and a 52-week high of $179.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27.

Hamilton Lane (NASDAQ:HLNE) last released 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. The firm had revenue of $198.59 million during the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. Analysts expect that Hamilton Lane Inc. will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.2%. Hamilton Lane’s dividend payout ratio (DPR) is presently 38.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Oppenheimer lifted their price objective on Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley set a $159.00 price target on shares of Hamilton Lane in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. BMO Capital Markets lowered their price objective on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

Hamilton Lane 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.