Sei Investments Co. Acquires 110,617 Shares of Hamilton Lane Inc. $HLNE

Sei Investments Co. lifted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 37.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 406,425 shares of the company’s stock after buying an additional 110,617 shares during the period. Sei Investments Co.’s holdings in Hamilton Lane were worth $40,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jefferies Financial Group Inc. boosted its stake in shares of Hamilton Lane by 145.9% during the 4th 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 in the last quarter. Principal Financial Group Inc. raised its stake in shares of Hamilton Lane by 148.3% in 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. Vaughan Nelson Investment Management L.P. acquired a new stake in Hamilton Lane in the 4th quarter worth approximately $40,855,000. Danske Bank A S lifted its holdings in Hamilton Lane by 19,024.0% in the 4th quarter. Danske Bank A S now owns 19,124 shares of the company’s stock worth $2,569,000 after purchasing an additional 19,024 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Hamilton Lane by 541.8% during the fourth quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock worth $9,632,000 after purchasing an additional 60,542 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Activity

In other Hamilton Lane news, Chairman Hartley R. Rogers purchased 55,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the completion of the purchase, the chairman directly owned 55,000 shares in the company, valued at approximately $4,952,750. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrea Anigati Kramer acquired 1,283 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $77.46 per share, for a total transaction of $99,381.18. Following the completion of the acquisition, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at approximately $6,766,131. This represents a 1.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 95,039 shares of company stock valued at $8,100,739 in the last three months. Company insiders own 22.21% of the company’s stock.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of research analyst reports. Oppenheimer lowered their target price on shares of Hamilton Lane from $176.00 to $174.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. The Goldman Sachs Group decreased their price target on shares of Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. BMO Capital Markets set a $94.00 price target on Hamilton Lane in a research report on Monday, July 13th. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Weiss Ratings lowered Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, July 20th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.71.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $83.16 on Monday. The firm has a market capitalization of $4.62 billion, a PE ratio of 14.07 and a beta of 1.16. The company’s fifty day moving average price is $82.45 and its two-hundred day moving average price is $102.51. Hamilton Lane Inc. has a 52-week low of $71.88 and a 52-week high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The company had revenue of $193.57 million during the quarter, compared to analysts’ expectations of $203.05 million. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 EPS. Analysts predict that Hamilton Lane Inc. will post 6.45 earnings per share for the current fiscal year.

Hamilton Lane announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 18th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.9%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, June 18th. Hamilton Lane’s dividend payout ratio (DPR) is currently 40.61%.

Hamilton Lane 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.