Hamilton Lane Inc. (NASDAQ:HLNE) Given Average Recommendation of “Moderate Buy” by Brokerages

Hamilton Lane Inc. (NASDAQ:HLNE) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $131.7143.

HLNE has been the subject of several recent analyst reports. Weiss Ratings cut shares of Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. The Goldman Sachs Group dropped their target price on shares of Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Keefe, Bruyette & Woods reduced their price target on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. BMO Capital Markets set a $94.00 price target on Hamilton Lane in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a report on Monday, May 18th.

Insider Buying and Selling at Hamilton Lane

In other Hamilton Lane news, COO Andrea Anigati Kramer acquired 1,283 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost 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 approximately $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 Securities & Exchange Commission, which is available through this link. Also, Chairman Hartley R. Rogers acquired 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired 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 in the company, valued at approximately $4,952,750. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 95,039 shares of company stock valued at $8,100,739 in the last ninety days. Corporate insiders own 22.21% of the company’s stock.

Institutional Trading of Hamilton Lane

Large investors have recently modified their holdings of the business. Harbor Investment Advisory LLC purchased a new position in shares of Hamilton Lane during the 2nd quarter worth approximately $58,000. Argent Capital Management LLC lifted its stake in Hamilton Lane by 53.9% in the 1st quarter. Argent Capital Management LLC now owns 55,236 shares of the company’s stock valued at $5,490,000 after buying an additional 19,345 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Hamilton Lane during the 1st quarter valued at $233,000. Janus Henderson Group PLC grew its holdings in Hamilton Lane by 12.9% during the 1st quarter. Janus Henderson Group PLC now owns 905,660 shares of the company’s stock valued at $90,045,000 after buying an additional 103,663 shares during the last quarter. Finally, Amundi increased its position in Hamilton Lane by 18.9% during the first quarter. Amundi now owns 24,167 shares of the company’s stock worth $2,402,000 after buying an additional 3,833 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Trading Up 0.0%

Shares of NASDAQ HLNE opened at $81.15 on Friday. Hamilton Lane has a twelve month low of $71.88 and a twelve month high of $161.13. The stock has a 50 day moving average of $82.49 and a two-hundred day moving average of $102.95. The stock has a market cap of $4.51 billion, a P/E ratio of 13.73 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. The firm had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 EPS. As a group, research analysts predict that Hamilton Lane will post 6.43 earnings per share for the current year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, June 18th. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. Hamilton Lane’s dividend payout ratio (DPR) is presently 40.61%.

Hamilton Lane declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership 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.