Hamilton Lane Inc. $HLNE Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 37.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 406,425 shares of the company’s stock after acquiring an additional 110,617 shares during the quarter. Sei Investments Co. owned about 0.73% of Hamilton Lane worth $40,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Walleye Capital LLC acquired a new stake in Hamilton Lane during the 1st quarter worth approximately $6,595,000. Cetera Investment Advisers grew its stake in Hamilton Lane by 19.1% during the first quarter. Cetera Investment Advisers now owns 23,395 shares of the company’s stock worth $2,325,000 after buying an additional 3,760 shares during the period. NewEdge Wealth LLC increased its position in shares of Hamilton Lane by 56.2% in the first quarter. NewEdge Wealth LLC now owns 25,833 shares of the company’s stock worth $2,568,000 after acquiring an additional 9,294 shares in the last quarter. First Trust Advisors LP lifted its holdings in Hamilton Lane by 222.0% in the first quarter. First Trust Advisors LP now owns 10,951 shares of the company’s stock worth $1,089,000 after acquiring an additional 7,550 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Hamilton Lane by 16.2% during the first quarter. PNC Financial Services Group Inc. now owns 4,580 shares of the company’s stock valued at $455,000 after purchasing an additional 638 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HLNE shares. Weiss Ratings lowered Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods decreased their target price on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Oppenheimer lowered their target price on Hamilton Lane from $176.00 to $174.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. The Goldman Sachs Group decreased their target price on shares of Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Hamilton Lane currently has an average rating of “Moderate Buy” and an average target price of $131.71.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $83.16 on Monday. The stock’s 50-day moving average price is $82.45 and its two-hundred day moving average price is $102.51. The company has a market cap of $4.62 billion, a PE ratio of 14.07 and a beta of 1.16. Hamilton Lane Inc. has a 1 year low of $71.88 and a 1 year high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The firm had revenue of $193.57 million during the quarter, compared to analyst estimates of $203.05 million. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue was down 2.2% on a year-over-year basis. Research analysts forecast that Hamilton Lane Inc. will post 6.45 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders 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 yield of 2.9%. The ex-dividend date was Thursday, June 18th. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio is 40.61%.

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

Insider Transactions at Hamilton Lane

In related news, Chairman Hartley R. Rogers purchased 38,290 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $78.49 per share, for a total transaction of $3,005,382.10. Following the completion of the acquisition, the chairman owned 93,756 shares in the company, valued at $7,358,908.44. This trade represents a 69.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrea Anigati Kramer acquired 1,283 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the purchase, the chief operating officer owned 87,350 shares in the company, valued at approximately $6,766,131. This trade represents a 1.49% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 95,039 shares of company stock valued at $8,100,739 over the last 90 days. Corporate insiders own 22.21% 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.