Teachers Retirement System of The State of Kentucky Sells 11,247 Shares of Hamilton Lane Inc. $HLNE

Teachers Retirement System of The State of Kentucky decreased its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 47.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,530 shares of the company’s stock after selling 11,247 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hamilton Lane were worth $1,245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jefferies Financial Group Inc. boosted its stake in Hamilton Lane by 145.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock valued at $13,195,000 after purchasing an additional 58,291 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Hamilton Lane by 148.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after buying an additional 648,588 shares during the last quarter. Danske Bank A S lifted its holdings in shares of Hamilton Lane by 19,024.0% during the fourth quarter. Danske Bank A S now owns 19,124 shares of the company’s stock worth $2,569,000 after buying an additional 19,024 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Hamilton Lane by 541.8% in the fourth quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after acquiring an additional 60,542 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Hamilton Lane in the fourth quarter valued at approximately $40,855,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Oppenheimer dropped their target price on shares of Hamilton Lane from $179.00 to $176.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Keefe, Bruyette & Woods decreased their price target on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Morgan Stanley dropped their price objective on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of 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, BMO Capital Markets set a $94.00 target price on Hamilton Lane in a research report on Monday. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Hamilton Lane currently has an average rating of “Moderate Buy” and an average price target of $134.57.

Insider Activity at Hamilton Lane

In related news, COO Andrea Anigati Kramer bought 1,283 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the transaction, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at $6,766,131. This represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Hartley R. Rogers purchased 55,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the completion of the transaction, the chairman directly owned 55,000 shares of the company’s stock, valued at approximately $4,952,750. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 95,039 shares of company stock valued at $8,100,739 in the last 90 days. 22.21% of the stock is owned by corporate insiders.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $85.79 on Thursday. The company has a 50-day moving average of $82.99 and a 200-day moving average of $105.16. Hamilton Lane Inc. has a 52 week low of $71.88 and a 52 week high of $161.13. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 14.52 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (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%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. Sell-side analysts forecast that Hamilton Lane Inc. will post 6.33 EPS for the current year.

Hamilton Lane Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 18th. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s payout ratio is currently 40.61%.

Hamilton Lane declared that its Board of Directors has initiated a stock 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 often a sign that the company’s leadership believes its stock is 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.