Andrea Anigati Kramer Buys 1,283 Shares of Hamilton Lane (NASDAQ:HLNE) Stock

Hamilton Lane Inc. (NASDAQ:HLNE) COO Andrea Anigati Kramer purchased 1,283 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 87,350 shares of the company’s stock, valued at $6,766,131. This represents a 1.49% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hamilton Lane Trading Up 6.4%

NASDAQ:HLNE opened at $87.22 on Wednesday. The company has a 50-day moving average of $90.55 and a 200-day moving average of $112.58. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 14.76 and a beta of 1.15. Hamilton Lane Inc. has a twelve month low of $75.93 and a twelve month high of $161.13.

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

Hamilton Lane Increases Dividend

The business 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 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 dividend on an annualized basis and a dividend yield of 2.8%. Hamilton Lane’s payout ratio is currently 40.61%.

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

Institutional Trading of Hamilton Lane

Several large investors have recently made changes to their positions in the stock. Quarry LP lifted its holdings in Hamilton Lane by 2,557.1% in the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after purchasing an additional 179 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Hamilton Lane in the third quarter worth about $26,000. Hantz Financial Services Inc. increased its stake 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 worth $29,000 after purchasing an additional 95 shares during the period. Parallel Advisors LLC lifted 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 purchasing an additional 108 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HLNE. JPMorgan Chase & Co. reduced their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a report on Monday, May 18th. BMO Capital Markets dropped their price target on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Lane in a report on Wednesday, June 3rd. UBS Group decreased their target price on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Oppenheimer lifted their target price on shares of Hamilton Lane from $171.00 to $179.00 and gave the stock an “outperform” rating in a research report 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 company. According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

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.