Erste Asset Management GmbH Has $1.20 Million Position in Hamilton Lane Inc. $HLNE

Erste Asset Management GmbH lifted its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 1,635.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,904 shares of the company’s stock after purchasing an additional 8,391 shares during the quarter. Erste Asset Management GmbH’s holdings in Hamilton Lane were worth $1,196,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew 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 worth $61,000 after buying an additional 90 shares in the last quarter. Hantz Financial Services Inc. lifted its position 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 valued at $29,000 after buying an additional 95 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Hamilton Lane by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock valued at $1,303,000 after buying an additional 100 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Hamilton Lane by 81.2% in the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 108 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Hamilton Lane by 0.3% in the second quarter. California State Teachers Retirement System now owns 37,346 shares of the company’s stock valued at $5,308,000 after buying an additional 111 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hamilton Lane news, Chairman Hartley R. Rogers bought 466 shares of the stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of $92.76 per share, for a total transaction of $43,226.16. Following the completion of the acquisition, the chairman owned 55,466 shares in the company, valued at $5,145,026.16. This trade represents a 0.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 22.21% of the company’s stock.

Hamilton Lane Trading Down 2.4%

Shares of HLNE opened at $78.09 on Thursday. The company has a market capitalization of $4.34 billion, a PE ratio of 13.21 and a beta of 1.14. Hamilton Lane Inc. has a 12 month low of $76.79 and a 12 month high of $161.13. The stock’s 50-day moving average price is $91.69 and its two-hundred day moving average price is $113.70.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Thursday, May 21st. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.43 by $0.06. The firm had revenue of $193.57 million for 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 business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. Equities research analysts predict that Hamilton Lane Inc. will post 6.33 EPS for the current fiscal year.

Hamilton Lane declared that its board has authorized a share repurchase program on Thursday, May 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits 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 board believes its shares are undervalued.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be issued a $0.60 dividend. The ex-dividend date is Thursday, June 18th. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. Hamilton Lane’s dividend payout ratio is presently 40.61%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. decreased their price target on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. UBS Group decreased their price target on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hamilton Lane in a research note on Friday, May 22nd. Finally, The Goldman Sachs Group set a $148.00 price target on Hamilton Lane and gave the company a “buy” rating in a research note on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

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.