Hamilton Lane (NASDAQ:HLNE) COO Andrea Anigati Kramer Buys 1,283 Shares

Hamilton Lane Inc. (NASDAQ:HLNE) COO Andrea Anigati Kramer bought 1,283 shares of Hamilton Lane stock in a transaction dated 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 owned 87,350 shares in the company, valued at $6,766,131. This represents a 1.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hamilton Lane Stock Up 2.4%

HLNE stock opened at $81.99 on Tuesday. Hamilton Lane Inc. has a 52 week low of $75.93 and a 52 week high of $161.13. The business has a 50-day simple moving average of $90.69 and a 200 day simple moving average of $112.82. The company has a market cap of $4.55 billion, a PE ratio of 13.87 and a beta of 1.15.

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, topping analysts’ consensus estimates of $1.43 by $0.06. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The firm had revenue of $193.57 million for the quarter, compared to the consensus estimate of $203.05 million. During the same period in the prior year, the company posted $1.21 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts anticipate that Hamilton Lane Inc. will post 6.33 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, June 18th. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio (DPR) is 36.55%.

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

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently bought and sold shares of HLNE. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Hamilton Lane by 27.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock valued at $61,000 after purchasing an additional 90 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. State of Michigan Retirement System raised its holdings in Hamilton Lane by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock valued at $1,303,000 after buying an additional 100 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Hamilton Lane by 12.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock worth $121,000 after buying an additional 103 shares during the period. Finally, Parallel Advisors LLC boosted its position in Hamilton Lane by 81.2% during the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock worth $32,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hamilton Lane in a research note on Friday, May 22nd. Morgan Stanley lowered their price target on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. UBS Group lowered their target price on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, The Goldman Sachs Group set a $148.00 target price on shares of Hamilton Lane and gave the stock a “buy” rating in a report on Friday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.00.

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.