Andrea Anigati Kramer Purchases 1,283 Shares of Hamilton Lane (NASDAQ:HLNE) Stock

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

Hamilton Lane Stock Up 2.4%

Shares of Hamilton Lane stock traded up $1.89 on Monday, hitting $81.99. The stock had a trading volume of 927,353 shares, compared to its average volume of 813,974. Hamilton Lane Inc. has a one year low of $75.93 and a one year high of $161.13. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 13.87 and a beta of 1.15. The stock’s 50-day simple moving average is $90.94 and its two-hundred day simple moving average is $113.11.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $203.05 million. During the same quarter last year, the business earned $1.21 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. As a group, equities analysts predict that Hamilton Lane Inc. will post 6.33 EPS for the current fiscal year.

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

Hamilton Lane Increases Dividend

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

Analyst Upgrades and Downgrades

HLNE has been the topic of several recent analyst reports. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hamilton Lane in a report on Wednesday, June 3rd. Morgan Stanley cut their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. The Goldman Sachs Group set a $148.00 price target on shares of Hamilton Lane and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hamilton Lane in a report on Friday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.00.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently modified their holdings of HLNE. Quarry LP boosted its holdings in shares of Hamilton Lane by 2,557.1% during the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after buying an additional 179 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Hamilton Lane in the 3rd quarter worth about $26,000. Hantz Financial Services Inc. raised its position in shares of Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Parallel Advisors LLC raised 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 purchasing an additional 108 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Hamilton Lane by 196.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

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.