Hamilton Lane Inc. $HLNE Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 237.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,558 shares of the company’s stock after purchasing an additional 39,800 shares during the period. Quantinno Capital Management LP owned 0.10% of Hamilton Lane worth $5,622,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HLNE. Wealth Alliance LLC bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $208,000. Morningstar Investment Management LLC bought a new position in shares of Hamilton Lane during the first quarter valued at approximately $569,000. Public Employees Retirement System of Ohio raised its position in shares of Hamilton Lane by 0.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 44,678 shares of the company’s stock worth $4,441,000 after purchasing an additional 115 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Hamilton Lane in the first quarter valued at $4,744,000. Finally, Inceptionr LLC bought a new stake in Hamilton Lane in the 1st quarter valued at about $335,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HLNE shares. Weiss Ratings lowered shares of Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. The Goldman Sachs Group reduced their price objective on shares of Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Oppenheimer lifted their price target on Hamilton Lane from $174.00 to $182.00 and gave the company an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $105.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley dropped their target price on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Six 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.71.

Insider Activity

In other Hamilton Lane news, COO Andrea Anigati Kramer purchased 1,283 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $77.46 per share, with a total value of $99,381.18. Following the transaction, the chief operating officer directly owned 87,350 shares in the company, valued at approximately $6,766,131. This represents a 1.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Hartley R. Rogers purchased 55,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $90.05 per share, with a total value of $4,952,750.00. Following the completion of the acquisition, the chairman owned 55,000 shares of the company’s stock, valued at approximately $4,952,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 95,039 shares of company stock valued at $8,100,739 in the last three months. 23.99% of the stock is owned by insiders.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $98.44 on Friday. Hamilton Lane Inc. has a 52 week low of $71.88 and a 52 week high of $161.13. The business’s 50-day simple moving average is $83.40 and its 200-day simple moving average is $99.00. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 15.01 and a beta of 1.14.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm had revenue of $275.33 million for the quarter, compared to the consensus estimate of $221.94 million. During the same quarter last year, the firm posted $1.47 EPS. The business’s quarterly revenue was up 56.5% on a year-over-year basis. As a group, equities research analysts forecast that Hamilton Lane Inc. will post 6.45 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 21st. Hamilton Lane’s payout ratio is currently 40.61%.

Hamilton Lane declared that its board has approved a stock buyback plan on Thursday, May 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.