Hamilton Lane Inc. $HLNE Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 12.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 58,029 shares of the company’s stock after selling 8,286 shares during the quarter. California Public Employees Retirement System’s holdings in Hamilton Lane were worth $5,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its position in shares of Hamilton Lane by 2,557.1% during the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares during the period. Advisory Services Network LLC bought a new position in Hamilton Lane during the third quarter valued at about $26,000. Parallel Advisors LLC boosted its stake in Hamilton Lane by 81.2% during 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 in the last quarter. Geneos Wealth Management Inc. grew its holdings in Hamilton Lane by 196.9% during 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in 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 period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HLNE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, July 10th. JPMorgan Chase & Co. reduced their price objective on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Weiss Ratings cut shares of Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Morgan Stanley cut their price objective on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.71.

Insider Activity at Hamilton Lane

In other news, COO Andrea Anigati Kramer acquired 1,283 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Hartley R. Rogers acquired 38,290 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $78.49 per share, for a total transaction of $3,005,382.10. Following the transaction, the chairman 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. In the last three months, insiders purchased 95,039 shares of company stock valued at $8,100,739. 23.99% of the stock is currently owned by company insiders.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $83.16 on Monday. Hamilton Lane Inc. has a 1-year low of $71.88 and a 1-year high of $161.13. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 14.07 and a beta of 1.16. The stock’s fifty day simple moving average is $82.45 and its 200-day simple moving average is $102.51.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, beating 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 firm had revenue of $193.57 million for the quarter, compared to analyst estimates of $203.05 million. During the same period in the previous year, the firm earned $1.21 earnings per share. Hamilton Lane’s quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts predict that Hamilton Lane Inc. will post 6.45 EPS for the current year.

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 2.9%. 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%.

Hamilton Lane announced that its board has initiated a stock repurchase plan on Thursday, May 21st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.