XTX Topco Ltd Raises Stake in Hamilton Lane Inc. (NASDAQ:HLNE)

XTX Topco Ltd grew its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 86.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 8,252 shares of the company’s stock after acquiring an additional 3,833 shares during the quarter. XTX Topco Ltd’s holdings in Hamilton Lane were worth $1,227,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HLNE. CWM LLC lifted its position in Hamilton Lane by 18.2% during the 1st quarter. CWM LLC now owns 611 shares of the company’s stock worth $91,000 after acquiring an additional 94 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Hamilton Lane by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company’s stock worth $801,000 after purchasing an additional 108 shares during the period. Summit Investment Advisors Inc. grew its position in Hamilton Lane by 0.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 12,245 shares of the company’s stock valued at $1,813,000 after buying an additional 109 shares during the last quarter. Lifestyle Asset Management Inc. increased its stake in Hamilton Lane by 8.0% in the 1st 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 during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HLNE. Keefe, Bruyette & Woods lowered their target price on shares of Hamilton Lane from $162.00 to $155.00 and set a “market perform” rating on the stock in a report on Monday, June 2nd. Wells Fargo & Company raised their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 15th. Wall Street Zen cut Hamilton Lane from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $161.29.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $147.79 on Friday. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 27.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 4.83. The business’s 50 day simple moving average is $149.54 and its 200-day simple moving average is $151.62. Hamilton Lane Inc. has a 12 month low of $123.98 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $197.97 million during the quarter, compared to analysts’ expectations of $165.49 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. Hamilton Lane’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 earnings per share. As a group, equities analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Friday, June 20th were issued a $0.54 dividend. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, June 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.5%. Hamilton Lane’s payout ratio is currently 40.07%.

About Hamilton Lane

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.