Deprince Race & Zollo Inc. Purchases 24,072 Shares of Hamilton Lane Inc. $HLNE

Deprince Race & Zollo Inc. raised its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 8.0% in the 1st quarter, HoldingsChannel reports. The fund owned 325,465 shares of the company’s stock after purchasing an additional 24,072 shares during the period. Deprince Race & Zollo Inc.’s holdings in Hamilton Lane were worth $32,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Hamilton Lane by 27.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock worth $61,000 after acquiring an additional 90 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Hamilton Lane by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock valued at $1,303,000 after acquiring an additional 100 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Hamilton Lane by 12.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock worth $121,000 after purchasing an additional 103 shares during the period. Parallel Advisors LLC raised its stake in 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 during the period. Finally, California State Teachers Retirement System raised its position in shares of Hamilton Lane by 0.3% during the second quarter. California State Teachers Retirement System now owns 37,346 shares of the company’s stock worth $5,308,000 after purchasing an additional 111 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Activity at Hamilton Lane

In other news, COO Andrea Anigati Kramer acquired 1,283 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $77.46 per share, with a total value of $99,381.18. Following the acquisition, the chief operating officer directly owned 87,350 shares in the company, valued at $6,766,131. This represents a 1.49% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Hartley R. Rogers bought 38,290 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $78.49 per share, with a total value of $3,005,382.10. Following the acquisition, the chairman directly owned 93,756 shares of the company’s stock, valued at approximately $7,358,908.44. This represents a 69.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 95,039 shares of company stock valued at $8,100,739. 22.21% of the stock is currently owned by insiders.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $78.66 on Thursday. The stock has a market cap of $4.37 billion, a PE ratio of 13.31 and a beta of 1.16. The firm has a 50-day moving average of $85.79 and a 200-day moving average of $108.91. Hamilton Lane Inc. has a 52-week low of $71.88 and a 52-week high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates 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%. Hamilton Lane’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 EPS. As a group, analysts predict that Hamilton Lane Inc. will post 6.33 EPS for the current fiscal year.

Hamilton Lane announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders 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 dividend yield of 3.1%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 18th. Hamilton Lane’s dividend payout ratio is 40.61%.

Analyst Upgrades and Downgrades

HLNE has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research report on Monday, May 18th. The Goldman Sachs Group cut their price objective on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley lowered 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 research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Hamilton Lane in a research note on Wednesday, June 3rd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hamilton Lane in a research note on Friday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $147.12.

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.