Insider Buying: Hamilton Lane (NASDAQ:HLNE) COO Purchases $99,381.18 in Stock

Hamilton Lane Inc. (NASDAQ:HLNE) COO Andrea Anigati Kramer purchased 1,283 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $77.46 per share, with a total value of $99,381.18. Following the acquisition, the chief operating officer directly owned 87,350 shares in the company, valued at $6,766,131. This represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hamilton Lane Stock Down 6.7%

NASDAQ HLNE opened at $81.40 on Thursday. Hamilton Lane Inc. has a 52 week low of $75.93 and a 52 week high of $161.13. The stock has a market capitalization of $4.52 billion, a PE ratio of 13.77 and a beta of 1.14. The firm has a 50 day moving average of $90.27 and a two-hundred day moving average of $112.29.

Hamilton Lane (NASDAQ:HLNE) last posted 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 net margin of 32.83% and a return on equity of 25.98%. The company had revenue of $193.57 million during the quarter, compared to analysts’ expectations of $203.05 million. During the same quarter in the previous year, the business posted $1.21 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. On average, equities 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 has approved a stock repurchase program on Thursday, May 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.60 per share. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 18th. This represents a $2.40 annualized dividend and a yield of 2.9%. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.55%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Hamilton Lane in a report on Wednesday, June 3rd. JPMorgan Chase & Co. lowered their target price on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a report on Monday, May 18th. BMO Capital Markets lowered their target price on shares of Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Morgan Stanley lowered their target price on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hamilton Lane in a report on Friday, May 22nd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Institutional Trading of Hamilton Lane

Large investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. boosted 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 purchasing an additional 58,291 shares during the period. Artisan Partners Limited Partnership boosted its stake in Hamilton Lane by 24.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock worth $42,878,000 after purchasing an additional 63,220 shares during the period. Principal Financial Group Inc. boosted its stake in Hamilton Lane by 148.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after purchasing an additional 648,588 shares during the period. Danske Bank A S boosted its stake in Hamilton Lane by 19,024.0% during the 4th quarter. Danske Bank A S now owns 19,124 shares of the company’s stock worth $2,569,000 after purchasing an additional 19,024 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Hamilton Lane by 541.8% during the 4th quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock worth $9,632,000 after purchasing an additional 60,542 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.