SG Americas Securities LLC Sells 26,398 Shares of Hamilton Lane Inc. $HLNE

SG Americas Securities LLC reduced its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 36.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,319 shares of the company’s stock after selling 26,398 shares during the quarter. SG Americas Securities LLC’s holdings in Hamilton Lane were worth $4,505,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Millennium Management LLC raised its holdings in shares of Hamilton Lane by 418.8% during the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after buying an additional 856,112 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after buying an additional 648,588 shares in the last quarter. Norges Bank purchased a new stake in Hamilton Lane in the fourth quarter worth approximately $68,657,000. Balyasny Asset Management L.P. grew its position in Hamilton Lane by 117.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock valued at $101,558,000 after acquiring an additional 409,013 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in Hamilton Lane during the fourth quarter valued at approximately $48,820,000. 97.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Hartley R. Rogers purchased 38,290 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $78.49 per share, with a total value of $3,005,382.10. Following the acquisition, the chairman directly owned 93,756 shares in the company, valued at approximately $7,358,908.44. The trade was a 69.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Andrea Anigati Kramer acquired 1,283 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the transaction, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at approximately $6,766,131. This trade represents a 1.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 95,039 shares of company stock valued at $8,100,739 over the last quarter. 22.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HLNE. Oppenheimer lowered their price objective on shares of Hamilton Lane from $179.00 to $176.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. Morgan Stanley reduced their target price on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. lowered their price target on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Finally, The Goldman Sachs Group set a $148.00 price target on shares of Hamilton Lane and gave the company a “buy” rating in a research report on Friday, May 22nd. Six equities 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 stock currently has an average rating of “Moderate Buy” and an average price target of $149.62.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $75.00 on Tuesday. The business’s 50 day simple moving average is $86.91 and its two-hundred day simple moving average is $109.67. The stock has a market capitalization of $4.16 billion, a P/E ratio of 12.69 and a beta of 1.15. Hamilton Lane Inc. has a one year low of $71.88 and a one year 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 for the quarter, beating the consensus estimate of $1.43 by $0.06. The firm had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. Sell-side analysts expect that Hamilton Lane Inc. will post 6.33 earnings per share for the current fiscal year.

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

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 issued a dividend of $0.60 per share. The ex-dividend date is Thursday, June 18th. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. 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.