Intech Investment Management LLC Cuts Stake in Hamilton Lane Inc. $HLNE

Intech Investment Management LLC reduced its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,084 shares of the company’s stock after selling 22,459 shares during the quarter. Intech Investment Management LLC’s holdings in Hamilton Lane were worth $4,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP grew its holdings in Hamilton Lane by 2,557.1% in the third quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after purchasing an additional 179 shares during the last quarter. Advisory Services Network LLC purchased a new position in Hamilton Lane in the third quarter worth $26,000. Cornerstone Planning Group LLC grew its holdings in Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hamilton Lane

In related news, Chairman Hartley R. Rogers acquired 466 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of $92.76 per share, with a total value of $43,226.16. Following the completion of the acquisition, the chairman directly owned 55,466 shares of the company’s stock, valued at $5,145,026.16. This represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.21% of the stock is owned by company insiders.

Hamilton Lane Price Performance

Shares of HLNE opened at $87.11 on Monday. The firm has a market capitalization of $4.84 billion, a PE ratio of 14.74 and a beta of 1.15. Hamilton Lane Inc. has a 1-year low of $82.23 and a 1-year high of $179.19. The company’s fifty day moving average price is $94.45 and its 200-day moving average price is $116.32.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $193.57 million for the quarter, compared to analyst estimates of $203.05 million. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. As a group, research analysts anticipate that Hamilton Lane Inc. will post 6.26 EPS for the current fiscal year.

Hamilton Lane announced that its board has approved a stock repurchase plan on Thursday, May 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Hamilton Lane Increases Dividend

The business 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, June 18th. Hamilton Lane’s dividend payout ratio is presently 36.55%.

Analyst Ratings Changes

Several research firms have issued reports on HLNE. Oppenheimer lifted their price target on shares of Hamilton Lane from $171.00 to $179.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hamilton Lane in a report on Friday, May 22nd. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. The Goldman Sachs Group set a $148.00 price target on shares of Hamilton Lane and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Morgan Stanley dropped 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 report on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Hamilton Lane Company 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.