M&T Bank Corp Boosts Position in Hamilton Lane Inc. $HLNE

M&T Bank Corp increased its stake in Hamilton Lane Inc. (NASDAQ:HLNE) by 87.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,474 shares of the company’s stock after buying an additional 6,281 shares during the period. M&T Bank Corp’s holdings in Hamilton Lane were worth $1,809,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HLNE. Artisan Partners Limited Partnership increased its holdings in Hamilton Lane by 24.8% during the third quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock valued at $42,878,000 after buying an additional 63,220 shares during the period. SG Americas Securities LLC increased its holdings in Hamilton Lane by 541.8% during the fourth quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after buying an additional 60,542 shares during the period. Champlain Investment Partners LLC increased its holdings in Hamilton Lane by 33.8% during 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 period. Elo Mutual Pension Insurance Co purchased a new position in Hamilton Lane during the third quarter valued at approximately $1,528,000. Finally, Bessemer Group Inc. increased its holdings in Hamilton Lane by 53.2% during the third quarter. Bessemer Group Inc. now owns 202,998 shares of the company’s stock valued at $27,363,000 after buying an additional 70,493 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HLNE. Oppenheimer cut their price objective on shares of Hamilton Lane from $230.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Morgan Stanley cut their price objective on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. BMO Capital Markets cut 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, UBS Group cut their price objective on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.38.

Hamilton Lane Stock Up 0.0%

Shares of Hamilton Lane stock opened at $89.00 on Friday. The firm’s 50 day moving average price is $99.52 and its 200-day moving average price is $120.03. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. Hamilton Lane Inc. has a 52-week low of $85.90 and a 52-week high of $179.19. The company has a market cap of $4.96 billion, a P/E ratio of 15.98 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. The company had revenue of $198.59 million during the quarter, compared to analysts’ expectations of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. Hamilton Lane’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. On average, sell-side analysts predict that Hamilton Lane Inc. will post 6.2 EPS for the current fiscal year.

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.