Hamilton Lane Inc. (NASDAQ:HLNE) Receives $149.63 Consensus PT from Brokerages

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $147.1250.

HLNE has been the subject of several analyst reports. BMO Capital Markets decreased their target price on shares of Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, May 22nd. JPMorgan Chase & Co. decreased their target price on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hamilton Lane in a research note on Friday, May 22nd. 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 note on Tuesday. Finally, Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th.

Insiders Place Their Bets

In related news, Chairman Hartley R. Rogers acquired 55,000 shares of Hamilton Lane stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $90.05 per share, for a total transaction of $4,952,750.00. Following the purchase, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrea Anigati Kramer acquired 1,283 shares of Hamilton Lane stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the completion of the purchase, the chief operating officer directly 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 have acquired a total of 95,039 shares of company stock worth $8,100,739 over the last quarter. 22.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. boosted its stake in Hamilton Lane by 27.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock valued at $61,000 after acquiring an additional 90 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Hamilton Lane by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock worth $1,303,000 after buying an additional 100 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Hamilton Lane by 12.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock worth $121,000 after buying an additional 103 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Hamilton Lane by 81.2% in the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock worth $32,000 after buying an additional 108 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Hamilton Lane by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 37,346 shares of the company’s stock worth $5,308,000 after buying an additional 111 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Up 5.1%

Hamilton Lane stock opened at $78.83 on Wednesday. Hamilton Lane has a 52-week low of $71.88 and a 52-week high of $161.13. The firm has a fifty day moving average of $86.35 and a 200-day moving average of $109.29. The firm has a market capitalization of $4.38 billion, a P/E ratio of 13.34 and a beta of 1.14.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. The company had revenue of $193.57 million during the quarter, compared to analyst estimates of $203.05 million. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 earnings per share. On average, research analysts expect that Hamilton Lane will post 6.33 EPS for the current fiscal year.

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

Hamilton Lane Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.60 per share. This is a positive change 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 yield of 3.0%. Hamilton Lane’s payout ratio is currently 40.61%.

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.