Sanctuary Advisors LLC Buys 7,500 Shares of Hamilton Lane Inc. $HLNE

Sanctuary Advisors LLC grew its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 39.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,591 shares of the company’s stock after acquiring an additional 7,500 shares during the quarter. Sanctuary Advisors LLC’s holdings in Hamilton Lane were worth $2,643,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HLNE. Quarry LP lifted its position in Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares during the period. Advisory Services Network LLC bought a new stake in Hamilton Lane in the 3rd quarter worth approximately $26,000. Parallel Advisors LLC raised its stake in Hamilton Lane by 81.2% during the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 108 shares during the last quarter. Geneos Wealth Management Inc. raised 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 buying an additional 254 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings 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 valued at $61,000 after buying an additional 90 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HLNE. JPMorgan Chase & Co. dropped their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Hamilton Lane in a research report on Wednesday, June 3rd. The Goldman Sachs Group lowered their target price on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. BMO Capital Markets set a $94.00 target price on Hamilton Lane in a research report on Monday, July 13th. Finally, Oppenheimer cut their price target on Hamilton Lane from $176.00 to $174.00 and set an “outperform” rating for the company in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.29.

Insider Activity

In other news, Chairman Hartley R. Rogers bought 55,000 shares of Hamilton Lane stock in a transaction that occurred 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 acquisition, the chairman owned 55,000 shares of the company’s stock, valued at $4,952,750. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrea Anigati Kramer bought 1,283 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the purchase, the chief operating officer owned 87,350 shares in the company, valued at $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 bought 95,039 shares of company stock worth $8,100,739 in the last ninety days. Corporate insiders own 22.21% of the company’s stock.

Hamilton Lane Price Performance

Shares of HLNE stock opened at $84.60 on Tuesday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 14.31 and a beta of 1.16. Hamilton Lane Inc. has a 1 year low of $71.88 and a 1 year high of $161.13. The firm has a fifty day moving average price of $82.79 and a 200-day moving average price of $104.07.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Thursday, May 21st. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The company 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%.Hamilton Lane’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS. Equities research analysts expect that Hamilton Lane Inc. will post 6.33 EPS for the current year.

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend 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 was Thursday, June 18th. Hamilton Lane’s dividend payout ratio is 40.61%.

Hamilton Lane announced that its Board of Directors has initiated a share buyback program on Thursday, May 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.