Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) COO Andrea Anigati Kramer acquired 1,283 shares of Hamilton Lane stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $77.46 per share, for a total transaction of $99,381.18. Following the purchase, the chief operating officer owned 87,350 shares of the company's stock, valued at $6,766,131. The trade was a 1.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Hamilton Lane Stock Up 2.4%
NASDAQ HLNE opened at $81.99 on Tuesday. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 13.87 and a beta of 1.15. Hamilton Lane Inc. has a twelve month low of $75.93 and a twelve month high of $161.13. The stock has a fifty day simple moving average of $90.69 and a 200 day simple moving average of $112.82.
Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company posted $1.21 EPS. The business's revenue was down 2.2% on a year-over-year basis. 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 of Directors has initiated a share buyback program on Thursday, May 21st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.
Hamilton Lane Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th will be given a $0.60 dividend. This is an increase from Hamilton Lane's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.9%. Hamilton Lane's dividend payout ratio is presently 36.55%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating on shares of Hamilton Lane in a research note on Friday, May 22nd. Zacks Research cut shares of Hamilton Lane from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Oppenheimer increased their price target on Hamilton Lane from $171.00 to $179.00 and gave the stock an "outperform" rating in a report on Friday, May 22nd. The Goldman Sachs Group set a $148.00 price objective on Hamilton Lane and gave the stock a "buy" rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. dropped their price objective 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. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $150.00.
Read Our Latest Stock Analysis on HLNE
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of HLNE. Quarry LP boosted its stake in Hamilton Lane by 2,557.1% during the third 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 bought a new stake in Hamilton Lane in the third quarter valued at $26,000. Hantz Financial Services Inc. raised its holdings in shares of Hamilton Lane by 80.5% during the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company's stock valued at $29,000 after purchasing an additional 95 shares during the period. Parallel Advisors LLC boosted its position in shares of Hamilton Lane by 81.2% during the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company's stock worth $32,000 after purchasing an additional 108 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock worth $57,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
Hamilton Lane Company Profile
(
Get Free Report)
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.
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