Hartley Rogers Purchases 466 Shares of Hamilton Lane (NASDAQ:HLNE) Stock

Hamilton Lane Inc. (NASDAQ:HLNE) Chairman Hartley Rogers bought 466 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of $92.76 per share, with a total value of $43,226.16. Following the transaction, the chairman owned 55,466 shares of the company’s stock, valued at $5,145,026.16. This represents a 0.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hamilton Lane Stock Performance

Hamilton Lane stock traded down $4.34 during mid-day trading on Thursday, reaching $86.15. The company’s stock had a trading volume of 1,776,779 shares, compared to its average volume of 786,578. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 14.58 and a beta of 1.18. Hamilton Lane Inc. has a 12 month low of $82.23 and a 12 month high of $179.19. The business’s 50 day simple moving average is $95.05 and its 200 day simple moving average is $116.94.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results 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 business had revenue of $193.57 million during the quarter, compared to the consensus estimate 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 for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. As a group, sell-side analysts expect that Hamilton Lane Inc. will post 6.18 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. 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 authorized a share repurchase plan on Thursday, May 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have commented on HLNE. UBS Group cut their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Oppenheimer boosted their price objective on shares of Hamilton Lane from $171.00 to $179.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Zacks Research cut 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 Hamilton Lane and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, BMO Capital Markets reduced their price target on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.00.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of Hamilton Lane by 6.0% during the 1st quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock worth $7,800,000 after buying an additional 2,948 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Hamilton Lane by 4,806.7% during the 1st quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock worth $759,000 after buying an additional 4,999 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after buying an additional 254 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Hamilton Lane by 26.7% during the 2nd quarter. First Trust Advisors LP now owns 31,483 shares of the company’s stock worth $4,474,000 after buying an additional 6,636 shares during the last quarter. Finally, Amundi lifted its stake in shares of Hamilton Lane by 39,766.7% during the 2nd quarter. Amundi now owns 2,392 shares of the company’s stock worth $347,000 after buying an additional 2,386 shares during the last quarter. Institutional investors own 97.40% 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.