Hamilton Lane (NASDAQ:HLNE) Chairman Hartley Rogers Acquires 55,000 Shares

Hamilton Lane Inc. (NASDAQ:HLNE) Chairman Hartley Rogers acquired 55,000 shares of Hamilton Lane stock in a transaction on Tuesday, May 26th. The shares were bought at an average price 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. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hamilton Lane Price Performance

Shares of HLNE opened at $86.15 on Friday. The stock’s 50-day moving average is $94.76 and its two-hundred day moving average is $116.63. The stock has a market cap of $4.81 billion, a PE ratio of 14.58 and a beta of 1.18. Hamilton Lane Inc. has a 12 month low of $82.23 and a 12 month high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The company had revenue of $193.57 million for the quarter, compared to analysts’ expectations of $203.05 million. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, research analysts anticipate that Hamilton Lane Inc. will post 6.26 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, June 18th. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio is 36.55%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HLNE shares. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group decreased their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 20th. BMO Capital Markets decreased their price target on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hamilton Lane in a research note on Friday, May 22nd. Finally, Oppenheimer increased their price target on Hamilton Lane from $171.00 to $179.00 and gave the company an “outperform” rating in a research note 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 MarketBeat, Hamilton Lane currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of HLNE. Quarry LP lifted its holdings in shares of Hamilton Lane by 2,557.1% in the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Hamilton Lane in the third quarter valued at $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after purchasing an additional 153 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Hamilton Lane by 81.2% in the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.