Insider Buying: Hamilton Lane (NASDAQ:HLNE) Chairman Acquires 55,000 Shares of Stock

Hamilton Lane Inc. (NASDAQ:HLNE) Chairman Hartley Rogers bought 55,000 shares of Hamilton Lane stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the completion of the transaction, the chairman directly owned 55,000 shares of the company’s stock, valued at $4,952,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $4.34 during trading hours on Thursday, hitting $86.15. 1,774,513 shares of the company’s stock were exchanged, compared to its average volume of 786,578. The business’s 50 day moving average is $95.05 and its 200-day moving average is $116.94. Hamilton Lane Inc. has a 12-month low of $82.23 and a 12-month high of $179.19. The firm has a market capitalization of $4.81 billion, a P/E ratio of 14.58 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Thursday, May 21st. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The company had revenue of $193.57 million for the quarter, compared to the consensus estimate of $203.05 million. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $1.21 EPS. As a group, equities research analysts anticipate that Hamilton Lane Inc. will post 6.18 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th will be issued a $0.60 dividend. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. Hamilton Lane’s dividend payout ratio (DPR) is 36.55%.

Hamilton Lane declared that its board has approved a share repurchase program on Thursday, May 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hamilton Lane in a research note on Friday, May 22nd. Morgan Stanley lowered their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Finally, Oppenheimer increased their target price on Hamilton Lane from $171.00 to $179.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Hamilton Lane presently has an average rating of “Moderate Buy” and an average target price of $150.00.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently bought and sold shares of the business. Artisan Partners Limited Partnership raised its stake in Hamilton Lane by 24.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock valued at $42,878,000 after acquiring an additional 63,220 shares in the last quarter. Jefferies Financial Group Inc. raised its stake in Hamilton Lane by 145.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock valued at $13,195,000 after acquiring an additional 58,291 shares in the last quarter. Principal Financial Group Inc. raised its stake in Hamilton Lane by 148.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after acquiring an additional 648,588 shares in the last quarter. SG Americas Securities LLC raised its stake in Hamilton Lane by 541.8% during the 4th quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after acquiring an additional 60,542 shares in the last quarter. Finally, Champlain Investment Partners LLC raised 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 acquiring an additional 350,437 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.