Hamilton Lane Inc. $HLNE Stock Holdings Lowered by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 47.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,530 shares of the company’s stock after selling 11,247 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hamilton Lane were worth $1,245,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HLNE. Quarry LP grew its holdings in shares of 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 acquiring an additional 179 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Hamilton Lane during the third quarter valued at about $26,000. Parallel Advisors LLC boosted its holdings in shares of Hamilton Lane by 81.2% in the fourth 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. Geneos Wealth Management Inc. increased its position in shares of Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after acquiring an additional 254 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings 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 valued at $61,000 after acquiring an additional 90 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Hartley R. Rogers acquired 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the completion of the acquisition, the chairman owned 55,000 shares of the company’s stock, valued at approximately $4,952,750. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Andrea Anigati Kramer acquired 1,283 shares of the business’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 owned 87,350 shares of the company’s stock, valued at approximately $6,766,131. This represents a 1.49% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 95,039 shares of company stock worth $8,100,739 in the last 90 days. 22.21% of the stock is currently owned by corporate insiders.

Hamilton Lane Stock Up 4.1%

Hamilton Lane stock opened at $85.79 on Thursday. Hamilton Lane Inc. has a 12 month low of $71.88 and a 12 month high of $161.13. The stock has a market cap of $4.76 billion, a P/E ratio of 14.52 and a beta of 1.16. The company’s fifty day simple moving average is $82.99 and its 200-day simple moving average is $105.16.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data 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. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The business had revenue of $193.57 million during the quarter, compared to analyst estimates of $203.05 million. During the same period last year, the company earned $1.21 earnings per share. Hamilton Lane’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that Hamilton Lane Inc. will post 6.33 earnings per share for the current fiscal year.

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

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio (DPR) is presently 40.61%.

Analyst Ratings Changes

HLNE has been the topic of several research analyst reports. Oppenheimer lowered their price objective 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. The Goldman Sachs Group lowered their price target on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Keefe, Bruyette & Woods reduced their price objective on Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Lane in a research report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a report on Monday, May 18th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.57.

Hamilton Lane 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.