Hamilton Lane (NASDAQ:HLNE) Hits New 12-Month Low – What’s Next?

Hamilton Lane Inc. (NASDAQ:HLNE) reached a new 52-week low during trading on Thursday . The company traded as low as $76.05 and last traded at $77.9070, with a volume of 17548 shares trading hands. The stock had previously closed at $78.09.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HLNE shares. Morgan Stanley decreased their price target on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hamilton Lane in a report on Friday, May 22nd. Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group lowered their price target on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Oppenheimer boosted their price target on shares of Hamilton Lane from $171.00 to $179.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.00.

Hamilton Lane Trading Up 1.7%

The company has a 50-day moving average price of $90.94 and a two-hundred day moving average price of $113.16. The stock has a market capitalization of $4.45 billion, a P/E ratio of 13.55 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 company had revenue of $193.57 million for the quarter, compared to the consensus estimate of $203.05 million. During the same period in the previous year, the business earned $1.21 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Research analysts forecast that Hamilton Lane Inc. will post 6.33 earnings per share for the current year.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.0%. This is a boost 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 presently 36.55%.

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

Insider Activity at Hamilton Lane

In related news, Chairman Hartley R. Rogers acquired 466 shares of Hamilton Lane stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $92.76 per share, with a total value of $43,226.16. Following the transaction, the chairman directly owned 55,466 shares in the company, valued at $5,145,026.16. This represents a 0.85% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 22.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP increased its stake in Hamilton Lane by 2,557.1% in the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Hamilton Lane in the 3rd quarter valued at about $26,000. Hantz Financial Services Inc. increased its position in Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after buying an additional 95 shares in the last quarter. Parallel Advisors LLC increased its position in Hamilton Lane by 81.2% in the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 108 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after buying an additional 254 shares during the period. 97.40% of the stock is owned by institutional investors.

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.