Capital World Investors Buys 129,040 Shares of Hamilton Lane Inc. $HLNE

Capital World Investors lifted its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 24.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 653,718 shares of the company’s stock after acquiring an additional 129,040 shares during the quarter. Capital World Investors’ holdings in Hamilton Lane were worth $87,801,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd lifted its stake in Hamilton Lane by 36.4% in the fourth quarter. WINTON GROUP Ltd now owns 6,550 shares of the company’s stock worth $880,000 after purchasing an additional 1,747 shares during the last quarter. Parallel Advisors LLC boosted its position in Hamilton Lane by 81.2% during the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 108 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Hamilton Lane during the fourth quarter valued at about $48,820,000. State of Wyoming boosted its position in Hamilton Lane by 107.8% during the fourth quarter. State of Wyoming now owns 2,807 shares of the company’s stock valued at $377,000 after buying an additional 1,456 shares during the period. Finally, Phillips Wealth Planners LLC purchased a new stake in Hamilton Lane during the fourth quarter valued at about $247,000. 97.40% of the stock is owned by institutional investors.

Insider Activity at Hamilton Lane

In other news, Chairman Hartley R. Rogers acquired 55,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $90.05 per share, with a total value of $4,952,750.00. Following the completion of the purchase, the chairman owned 55,000 shares in the company, valued at approximately $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 is available at this hyperlink. Company insiders own 22.21% of the company’s stock.

Hamilton Lane Trading Up 0.0%

Shares of NASDAQ:HLNE opened at $80.00 on Wednesday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 13.54 and a beta of 1.14. The company has a 50-day moving average price of $92.08 and a 200-day moving average price of $114.00. Hamilton Lane Inc. has a 12 month low of $76.79 and a 12 month high of $161.13.

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

Hamilton Lane declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Hamilton Lane Increases Dividend

The company 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 annualized dividend and a dividend yield of 3.0%. This is a positive change 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 currently 36.55%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company 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. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hamilton Lane in a research report on Friday, May 22nd. The Goldman Sachs Group set a $148.00 price target on shares of Hamilton Lane and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Morgan Stanley cut their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

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.