Norges Bank Purchases Shares of 511,184 Hamilton Lane Inc. $HLNE

Norges Bank purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 511,184 shares of the company’s stock, valued at approximately $68,657,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP increased its holdings in Hamilton Lane by 2,557.1% in the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after buying an additional 179 shares during the period. Advisory Services Network LLC bought a new stake in Hamilton Lane in the 3rd quarter valued at $26,000. Hantz Financial Services Inc. increased 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 period. Geneos Wealth Management Inc. increased its holdings in Hamilton Lane by 196.9% in 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 period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Hamilton Lane by 27.7% in 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. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on HLNE shares. UBS Group lowered their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 20th. BMO Capital Markets lowered their target price on shares of Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hamilton Lane in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hamilton Lane in a 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $150.00.

Hamilton Lane Stock Performance

HLNE opened at $80.46 on Friday. The firm’s 50-day simple moving average is $92.73 and its 200-day simple moving average is $114.72. Hamilton Lane Inc. has a twelve month low of $76.79 and a twelve month high of $161.13. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 13.61 and a beta of 1.14.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.06. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The business had revenue of $193.57 million for the quarter, compared to analyst estimates of $203.05 million. During the same quarter in the prior year, the firm earned $1.21 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hamilton Lane Inc. will post 6.33 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business 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. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 18th. This represents a $2.40 annualized dividend and a yield of 3.0%. Hamilton Lane’s dividend payout ratio is currently 36.55%.

Hamilton Lane declared that its Board of Directors has initiated a stock buyback program on Thursday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Hamilton Lane

In related news, Chairman Hartley R. Rogers purchased 55,000 shares of Hamilton Lane stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the transaction, the chairman directly owned 55,000 shares in the company, valued at approximately $4,952,750. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.21% of the stock is currently owned by company insiders.

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.