Engle Capital Management L.P. Invests $6.72 Million in Hamilton Lane Inc. $HLNE

Engle Capital Management L.P. purchased a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $6,716,000. Hamilton Lane makes up approximately 2.6% of Engle Capital Management L.P.’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its position 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 worth $61,000 after buying an additional 90 shares in the last quarter. State of Michigan Retirement System grew its position in shares of Hamilton Lane by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock worth $1,303,000 after buying an additional 100 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Hamilton Lane by 12.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock worth $121,000 after buying an additional 103 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Hamilton Lane by 81.2% during the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock worth $32,000 after buying an additional 108 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Hamilton Lane by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 37,346 shares of the company’s stock worth $5,308,000 after buying an additional 111 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

HLNE has been the subject of a number of analyst reports. Zacks Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Lane in a report on Wednesday, June 3rd. Morgan Stanley lowered their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Oppenheimer upped their target price on Hamilton Lane from $171.00 to $179.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Finally, BMO Capital Markets lowered their target price on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Hamilton Lane Stock Down 6.7%

NASDAQ HLNE opened at $81.40 on Thursday. The firm has a market cap of $4.52 billion, a PE ratio of 13.77 and a beta of 1.14. The company has a 50 day moving average price of $90.27 and a 200 day moving average price of $112.29. Hamilton Lane Inc. has a 52 week low of $75.93 and a 52 week high of $161.13.

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

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be paid a dividend of $0.60 per share. This is a boost 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 dividend yield of 2.9%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.55%.

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

Insider Activity at Hamilton Lane

In other Hamilton Lane news, Chairman Hartley R. Rogers purchased 55,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Andrea Anigati Kramer purchased 1,283 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the purchase, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at approximately $6,766,131. The trade was a 1.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 95,039 shares of company stock valued at $8,100,739. 22.21% of the stock is currently owned by company insiders.

Hamilton Lane 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.