Bessemer Group Inc. Decreases Holdings in Hamilton Lane Inc. $HLNE

Bessemer Group Inc. reduced its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 38.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,023 shares of the company’s stock after selling 76,997 shares during the quarter. Bessemer Group Inc.’s holdings in Hamilton Lane were worth $12,030,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Quarry LP raised 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 worth $25,000 after acquiring an additional 179 shares in the last quarter. Advisory Services Network LLC acquired a new position in Hamilton Lane in the third quarter valued at approximately $26,000. Parallel Advisors LLC boosted its holdings in 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 purchasing an additional 108 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after purchasing an additional 254 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Hamilton Lane by 27.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock valued at $61,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In other Hamilton Lane news, Chairman Hartley R. Rogers bought 55,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $90.05 per share, with a total value of $4,952,750.00. Following the acquisition, the chairman directly owned 55,000 shares of the company’s stock, valued at $4,952,750. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Andrea Anigati Kramer purchased 1,283 shares of Hamilton Lane stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $77.46 per share, with a total value of $99,381.18. Following the transaction, the chief operating officer owned 87,350 shares in the company, valued at $6,766,131. The trade was 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 worth $8,100,739 over the last ninety days. Corporate insiders own 22.21% of the company’s stock.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $85.85 on Monday. The business has a 50-day moving average price of $82.87 and a 200 day moving average price of $104.43. The stock has a market cap of $4.77 billion, a PE ratio of 14.53 and a beta of 1.16. Hamilton Lane Inc. has a 52-week low of $71.88 and a 52-week high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly 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. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The company had revenue of $193.57 million for the quarter, compared to analyst estimates of $203.05 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Hamilton Lane Inc. will post 6.33 earnings per share for the current year.

Hamilton Lane declared that its board has approved a share repurchase plan on Thursday, May 21st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, June 18th. Hamilton Lane’s payout ratio is 40.61%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. BMO Capital Markets set a $94.00 target price on shares of Hamilton Lane in a report on Monday, July 13th. Keefe, Bruyette & Woods dropped their target price on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hamilton Lane in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.29.

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.