BNP Paribas Financial Markets Boosts Stock Position in Hamilton Lane Inc. $HLNE

BNP Paribas Financial Markets increased its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 170.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,323 shares of the company’s stock after purchasing an additional 84,649 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hamilton Lane were worth $18,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Hamilton Lane by 27.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock worth $61,000 after purchasing an additional 90 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Hamilton Lane by 80.5% during the 3rd 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 period. State of Michigan Retirement System lifted its stake in shares of Hamilton Lane by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock worth $1,303,000 after purchasing an additional 100 shares during the period. California State Teachers Retirement System lifted its stake in shares of Hamilton Lane by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 37,346 shares of the company’s stock worth $5,308,000 after purchasing an additional 111 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Hamilton Lane by 33.6% during the 4th quarter. Signaturefd LLC now owns 497 shares of the company’s stock worth $67,000 after purchasing an additional 125 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 NASDAQ HLNE opened at $80.46 on Friday. Hamilton Lane Inc. has a 12-month low of $76.79 and a 12-month high of $161.13. The company has a market cap of $4.47 billion, a P/E ratio of 13.61 and a beta of 1.14. The stock has a fifty day moving average price of $92.73 and a 200 day moving average price of $114.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The firm had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. During the same period in the prior year, the firm earned $1.21 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Hamilton Lane Inc. will post 6.33 EPS for the current fiscal 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 18th. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio is currently 36.55%.

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

Analyst Ratings Changes

A number of brokerages have weighed in on HLNE. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Lane in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a report on Monday, May 18th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hamilton Lane in a report on Friday, May 22nd. Finally, BMO Capital Markets dropped their price objective 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 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Insiders Place Their Bets

In other news, Chairman Hartley R. Rogers acquired 55,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $90.05 per share, with a total value of $4,952,750.00. Following the transaction, the chairman directly owned 55,000 shares in the company, valued at approximately $4,952,750. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 22.21% of the stock is currently owned by insiders.

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.