Hamilton Lane Inc. (NASDAQ:HLNE) Receives $134.29 Average PT from Analysts

Hamilton Lane Inc. (NASDAQ:HLNE) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $131.7143.

HLNE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Zacks Research lowered shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Morgan Stanley decreased their target price on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Weiss Ratings lowered shares of Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research report on Monday, May 18th.

Insider Activity at Hamilton Lane

In related news, COO Andrea Anigati Kramer bought 1,283 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the acquisition, the chief operating officer owned 87,350 shares of the company’s stock, valued at approximately $6,766,131. This trade represents a 1.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Hartley R. Rogers bought 38,290 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $78.49 per share, for a total transaction of $3,005,382.10. Following the transaction, the chairman owned 93,756 shares of the company’s stock, valued at $7,358,908.44. This trade represents a 69.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 95,039 shares of company stock valued at $8,100,739 in the last quarter. 22.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently modified their holdings of the company. Jefferies Financial Group Inc. grew its position in Hamilton Lane by 145.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock valued at $13,195,000 after acquiring an additional 58,291 shares in the last quarter. Principal Financial Group Inc. lifted its position 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 purchasing an additional 648,588 shares in the last quarter. Danske Bank A S lifted its position 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 purchasing an additional 19,024 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Hamilton Lane in the fourth quarter valued at approximately $40,855,000. Finally, SG Americas Securities LLC boosted its stake 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 purchasing an additional 60,542 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $84.28 on Friday. The firm has a fifty day moving average of $82.73 and a 200 day moving average of $103.71. The firm has a market cap of $4.68 billion, a PE ratio of 14.26 and a beta of 1.16. Hamilton Lane has a one year low of $71.88 and a one year high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last announced 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. The business had revenue of $193.57 million for 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 revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. On average, equities analysts predict that Hamilton Lane will post 6.33 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 18th were given a dividend of $0.60 per share. 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 an increase from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio is 40.61%.

Hamilton Lane declared that its board has authorized a share buyback program on Thursday, May 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

About Hamilton Lane

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.