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

Erste Asset Management GmbH increased its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 1,635.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,904 shares of the company’s stock after buying 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 and other institutional investors have also recently added to or reduced their stakes in HLNE. Royal Bank of Canada increased its holdings in Hamilton Lane by 6.0% during the 1st quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock worth $7,800,000 after purchasing an additional 2,948 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Hamilton Lane by 4,806.7% during the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock valued at $759,000 after acquiring an additional 4,999 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after acquiring an additional 254 shares during the last quarter. First Trust Advisors LP increased its position in shares of Hamilton Lane by 26.7% during the second quarter. First Trust Advisors LP now owns 31,483 shares of the company’s stock valued at $4,474,000 after acquiring an additional 6,636 shares during the last quarter. Finally, Amundi increased its position in shares of Hamilton Lane by 39,766.7% during the second quarter. Amundi now owns 2,392 shares of the company’s stock valued at $347,000 after acquiring an additional 2,386 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Insider Activity

In other Hamilton Lane news, Chairman Hartley R. Rogers bought 466 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $92.76 per share, with a total value of $43,226.16. Following the completion of the purchase, the chairman directly owned 55,466 shares of the company’s stock, valued at $5,145,026.16. This trade represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 22.21% of the stock is owned by insiders.

Analysts Set New Price Targets

HLNE has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Oppenheimer increased their target price on Hamilton Lane from $171.00 to $179.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Lane in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research report on Monday, May 18th. Finally, 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. Six equities 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, Hamilton Lane presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Hamilton Lane Trading Down 2.4%

Shares of NASDAQ:HLNE opened at $78.09 on Thursday. The stock’s 50-day moving average price is $91.69 and its 200-day moving average price is $113.70. Hamilton Lane Inc. has a 12-month low of $76.79 and a 12-month high of $161.13. The stock has a market capitalization of $4.34 billion, a P/E ratio of 13.21 and a beta of 1.14.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 21st. The company reported $1.49 earnings per share (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 analysts’ expectations of $203.05 million. During the same period last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, research analysts predict that Hamilton Lane Inc. will post 6.33 EPS for the current year.

Hamilton Lane declared that its board has initiated a share buyback program on Thursday, May 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Hamilton Lane Increases Dividend

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

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.