GW&K Investment Management LLC Makes New Investment in Hamilton Lane Inc. $HLNE

GW&K Investment Management LLC purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 249,673 shares of the company’s stock, valued at approximately $33,534,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLNE. Artisan Partners Limited Partnership raised its holdings in shares of Hamilton Lane by 24.8% in the third quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock valued at $42,878,000 after purchasing an additional 63,220 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in Hamilton Lane by 145.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock worth $13,195,000 after purchasing an additional 58,291 shares during the last quarter. Principal Financial Group Inc. grew its position 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 valued at $145,844,000 after purchasing an additional 648,588 shares in the last quarter. Danske Bank A S grew its position in Hamilton Lane by 19,024.0% in the fourth quarter. Danske Bank A S now owns 19,124 shares of the company’s stock valued at $2,569,000 after purchasing an additional 19,024 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Hamilton Lane by 541.8% in the 4th quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after buying an additional 60,542 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $78.09 on Thursday. The company’s 50-day moving average is $91.69 and its 200-day moving average is $113.70. The firm has a market capitalization of $4.34 billion, a PE ratio of 13.21 and a beta of 1.14. Hamilton Lane Inc. has a fifty-two week low of $76.79 and a fifty-two week high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $203.05 million. During the same period last year, the business posted $1.21 EPS. Hamilton Lane’s revenue was down 2.2% on a year-over-year basis. As a group, analysts expect that Hamilton Lane Inc. will post 6.33 EPS for the current year.

Hamilton Lane announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.1%. Hamilton Lane’s payout ratio is 40.61%.

Insider Activity at Hamilton Lane

In other Hamilton Lane news, Chairman Hartley R. Rogers bought 55,000 shares of Hamilton Lane stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $90.05 per share, for a total transaction of $4,952,750.00. Following the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 22.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HLNE. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. The Goldman Sachs Group set a $148.00 target price on Hamilton Lane and gave the company a “buy” rating in a research report on Friday, May 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hamilton Lane in a report on Friday, May 22nd. JPMorgan Chase & Co. decreased their price target on 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, Morgan Stanley dropped their price objective on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Hamilton Lane currently has an average rating of “Moderate Buy” and a consensus target price 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.