Natixis Advisors LLC Increases Stock Holdings in Hamilton Lane Inc. $HLNE

Natixis Advisors LLC increased its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 529.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,226 shares of the company’s stock after acquiring an additional 64,948 shares during the quarter. Natixis Advisors LLC’s holdings in Hamilton Lane were worth $10,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership lifted its stake in Hamilton Lane by 24.8% in the third quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock worth $42,878,000 after acquiring an additional 63,220 shares during the period. Jefferies Financial Group Inc. lifted its stake in Hamilton Lane by 145.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock worth $13,195,000 after acquiring an additional 58,291 shares during the period. Principal Financial Group Inc. lifted its stake in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after acquiring an additional 648,588 shares during the period. Danske Bank A S lifted its stake in Hamilton Lane by 19,024.0% in the fourth quarter. Danske Bank A S now owns 19,124 shares of the company’s stock worth $2,569,000 after acquiring an additional 19,024 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Hamilton Lane by 541.8% in the fourth quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock worth $9,632,000 after acquiring an additional 60,542 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Down 2.7%

Shares of Hamilton Lane stock opened at $80.46 on Friday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 13.61 and a beta of 1.14. The business has a fifty day simple moving average of $92.73 and a two-hundred day simple moving average of $114.72. Hamilton Lane Inc. has a 12 month low of $76.79 and a 12 month high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. The business had revenue of $193.57 million during the quarter, compared to analyst estimates of $203.05 million. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. Analysts predict that Hamilton Lane Inc. will post 6.33 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.60 per share. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. This represents a $2.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 18th. Hamilton Lane’s payout ratio is 36.55%.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HLNE. The Goldman Sachs Group set a $148.00 price target on Hamilton Lane and gave the stock a “buy” rating in a research note on Friday, May 22nd. BMO Capital Markets dropped their price target on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. UBS Group dropped their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hamilton Lane in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Insider Buying and Selling

In other news, Chairman Hartley R. Rogers acquired 55,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $90.05 per share, with a total value of $4,952,750.00. Following the completion of the transaction, the chairman owned 55,000 shares of the company’s stock, valued at $4,952,750. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.21% of the company’s stock.

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.