Van Berkom & Associates Inc. Boosts Stock Position in Hamilton Lane Inc. $HLNE

Van Berkom & Associates Inc. increased its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 9.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 833,307 shares of the company’s stock after buying an additional 73,679 shares during the quarter. Hamilton Lane comprises approximately 2.7% of Van Berkom & Associates Inc.’s holdings, making the stock its 9th largest position. Van Berkom & Associates Inc.’s holdings in Hamilton Lane were worth $82,831,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HLNE. Quarry LP grew its holdings in Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after acquiring an additional 179 shares during the period. Advisory Services Network LLC bought a new stake in Hamilton Lane in the third quarter worth about $26,000. Parallel Advisors LLC lifted its holdings 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 acquiring an additional 108 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Hamilton Lane by 196.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after acquiring an additional 254 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 purchasing an additional 90 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HLNE shares. Morgan Stanley lowered their price objective on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. The Goldman Sachs Group cut 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, June 30th. JPMorgan Chase & Co. reduced their target price on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a report on Monday, May 18th. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Lane in a research report on Wednesday, June 3rd. Finally, Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.29.

Insider Activity at Hamilton Lane

In other news, COO Andrea Anigati Kramer bought 1,283 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $77.46 per share, with a total value of $99,381.18. Following the completion of the transaction, the chief operating officer directly owned 87,350 shares in the company, valued at approximately $6,766,131. The trade was a 1.49% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Hartley R. Rogers purchased 55,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the acquisition, the chairman directly owned 55,000 shares of the company’s stock, valued at $4,952,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 95,039 shares of company stock worth $8,100,739. 22.21% of the stock is currently owned by insiders.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $85.85 on Monday. Hamilton Lane Inc. has a 12 month low of $71.88 and a 12 month high of $161.13. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 14.53 and a beta of 1.16. The business has a fifty day simple moving average of $82.87 and a 200-day simple moving average of $104.43.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $193.57 million for the quarter, compared to analysts’ expectations of $203.05 million. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.Hamilton Lane’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. As a group, sell-side analysts expect that Hamilton Lane Inc. will post 6.33 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th were issued a $0.60 dividend. The ex-dividend date was Thursday, June 18th. 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 2.8%. Hamilton Lane’s dividend payout ratio is 40.61%.

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

Hamilton Lane 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.