Hamilton Lane Inc. (NASDAQ:HLNE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $134.2857.

A number of analysts have weighed in on the company. Oppenheimer decreased their price target on Hamilton Lane from $176.00 to $174.00 and set an “outperform” rating for the company in a report on Friday. Keefe, Bruyette & Woods dropped their price objective on Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating on the stock 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. JPMorgan Chase & Co. decreased their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Finally, Morgan Stanley decreased their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st.

Insider Buying and Selling at Hamilton Lane

In related news, Chairman Hartley R. Rogers acquired 38,290 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $78.49 per share, for a total transaction of $3,005,382.10. Following the purchase, the chairman directly owned 93,756 shares of the company’s stock, valued at $7,358,908.44. The trade was a 69.03% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andrea Anigati Kramer bought 1,283 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price 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 in the company, valued at $6,766,131. This trade represents a 1.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 95,039 shares of company stock valued at $8,100,739 in the last quarter. 22.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hamilton Lane

Several institutional investors have recently made changes to their positions in the stock. Jefferies Financial Group Inc. raised its stake in Hamilton Lane by 145.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock worth $13,195,000 after buying an additional 58,291 shares during the period. Principal Financial Group Inc. grew its stake in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after acquiring an additional 648,588 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Hamilton Lane in the fourth quarter valued at approximately $40,855,000. Danske Bank A S increased its holdings in shares of Hamilton Lane by 19,024.0% during the fourth quarter. Danske Bank A S now owns 19,124 shares of the company’s stock valued at $2,569,000 after acquiring an additional 19,024 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Hamilton Lane by 541.8% during the fourth quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after acquiring an additional 60,542 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Down 0.1%

HLNE opened at $85.85 on Friday. Hamilton Lane has a twelve month low of $71.88 and a twelve month high of $161.13. The company has a fifty day moving average of $82.87 and a 200-day moving average of $104.66. The stock has a market cap of $4.77 billion, a PE ratio of 14.53 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The business had revenue of $193.57 million during 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%. Hamilton Lane’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 earnings per share. Sell-side analysts anticipate that Hamilton Lane will post 6.33 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date 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 currently 40.61%.

Hamilton Lane announced that its Board of Directors has approved 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 buy up to 2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Hamilton Lane Company 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.