Hamilton Lane Inc. $HLNE Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 56.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,833 shares of the company’s stock after purchasing an additional 9,294 shares during the period. NewEdge Wealth LLC’s holdings in Hamilton Lane were worth $2,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its stake in shares of Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after buying an additional 179 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Hamilton Lane during the third quarter valued at $26,000. Parallel Advisors LLC increased its position in shares of Hamilton Lane by 81.2% in the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 108 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Hamilton Lane by 196.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after acquiring an additional 254 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Hamilton Lane by 27.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock worth $61,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity

In related news, COO Andrea Anigati Kramer bought 1,283 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of $77.46 per share, with a total value of $99,381.18. Following the completion of the acquisition, the chief operating officer directly owned 87,350 shares in the company, valued at approximately $6,766,131. The trade was a 1.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Hartley R. Rogers purchased 38,290 shares of Hamilton Lane stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $78.49 per share, with a total value of $3,005,382.10. Following the completion of the transaction, the chairman owned 93,756 shares of the company’s stock, valued at $7,358,908.44. This represents a 69.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 95,039 shares of company stock worth $8,100,739. 22.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on HLNE shares. Weiss Ratings cut Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Morgan Stanley cut their price objective on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods decreased their target price on Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, July 10th. BMO Capital Markets set a $94.00 target price on Hamilton Lane in a report on Monday, July 13th. Finally, Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.71.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $83.16 on Friday. The company has a market capitalization of $4.62 billion, a PE ratio of 14.07 and a beta of 1.16. The company has a fifty day moving average of $82.45 and a 200 day moving average of $102.81. Hamilton Lane Inc. has a 1 year low of $71.88 and a 1 year high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. The company 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 firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.21 earnings per share. Research analysts expect that Hamilton Lane Inc. will post 6.45 earnings per share for the current year.

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

Hamilton Lane Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th were paid a $0.60 dividend. The ex-dividend date was Thursday, June 18th. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Hamilton Lane’s dividend payout ratio (DPR) is currently 40.61%.

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.