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

Hamilton Lane Inc. (NASDAQ:HLNE) Chairman Hartley Rogers purchased 466 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $92.76 per share, for a total transaction of $43,226.16. Following the completion of the acquisition, the chairman directly owned 55,466 shares in the company, valued at approximately $5,145,026.16. This represents a 0.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $87.11 on Friday. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 14.74 and a beta of 1.18. Hamilton Lane Inc. has a 52-week low of $82.23 and a 52-week high of $179.19. The stock’s 50 day moving average price is $94.45 and its two-hundred day moving average price is $116.42.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $193.57 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 EPS. On average, equities research analysts forecast that Hamilton Lane Inc. will post 6.26 EPS for the current year.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, June 18th. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio (DPR) is currently 40.61%.

Hamilton Lane declared that its board has initiated a share repurchase program on Thursday, May 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently modified their holdings of HLNE. Royal Bank of Canada raised its position in shares of Hamilton Lane by 6.0% during the first quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock worth $7,800,000 after purchasing an additional 2,948 shares during the period. Jones Financial Companies Lllp lifted its stake in Hamilton Lane by 4,806.7% during the 1st quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock valued at $759,000 after acquiring an additional 4,999 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Hamilton Lane by 196.9% during 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 in the last quarter. First Trust Advisors LP lifted its stake in Hamilton Lane by 26.7% during the 2nd quarter. First Trust Advisors LP now owns 31,483 shares of the company’s stock valued at $4,474,000 after acquiring an additional 6,636 shares in the last quarter. Finally, Amundi lifted its stake in Hamilton Lane by 39,766.7% during the 2nd quarter. Amundi now owns 2,392 shares of the company’s stock valued at $347,000 after acquiring an additional 2,386 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HLNE. The Goldman Sachs Group set a $148.00 target price on Hamilton Lane and gave the stock a “buy” rating in a research report on Friday, May 22nd. BMO Capital Markets lowered their target price on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research report on Monday, May 18th. Morgan Stanley lowered their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, UBS Group lowered their target price on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

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.