Y Intercept Hong Kong Ltd Acquires Shares of 12,821 Hamilton Lane Inc. $HLNE

Y Intercept Hong Kong Ltd bought a new position in Hamilton Lane Inc. (NASDAQ:HLNE) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,821 shares of the company’s stock, valued at approximately $1,274,000.

Several other hedge funds have also recently made changes to their positions in HLNE. Elevation Point Wealth Partners LLC grew its stake in shares of Hamilton Lane by 115.1% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 4,275 shares of the company’s stock worth $427,000 after acquiring an additional 2,288 shares during the period. Deprince Race & Zollo Inc. raised its stake in Hamilton Lane by 8.0% in the 1st quarter. Deprince Race & Zollo Inc. now owns 325,465 shares of the company’s stock valued at $32,351,000 after acquiring an additional 24,072 shares during the period. NORTHSTAR ASSET MANAGEMENT Co raised its stake in Hamilton Lane by 8.6% in the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,150 shares of the company’s stock valued at $313,000 after acquiring an additional 250 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Hamilton Lane by 65.1% during the first quarter. Janney Montgomery Scott LLC now owns 37,238 shares of the company’s stock valued at $3,701,000 after purchasing an additional 14,678 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Hamilton Lane by 5.9% during the first quarter. Pictet Asset Management Holding SA now owns 6,557 shares of the company’s stock valued at $652,000 after purchasing an additional 366 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Lane in a research note on Wednesday, June 3rd. Oppenheimer cut their price objective on shares of Hamilton Lane from $179.00 to $176.00 and set an “outperform” rating for the company in a report on Thursday, June 18th. Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, The Goldman Sachs Group reduced their price objective 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. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Hamilton Lane presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.71.

Insider Activity at Hamilton Lane

In other news, Chairman Hartley R. Rogers bought 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $90.05 per share, with a total value of $4,952,750.00. Following the acquisition, the chairman owned 55,000 shares of the company’s stock, valued at approximately $4,952,750. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Andrea Anigati Kramer bought 1,283 shares of the stock in a transaction on 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 completion of the purchase, the chief operating officer directly owned 87,350 shares in the company, valued at approximately $6,766,131. This represents a 1.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 95,039 shares of company stock valued at $8,100,739. 22.21% of the stock is owned by corporate insiders.

Hamilton Lane Stock Performance

NASDAQ HLNE traded up $0.48 during trading hours on Friday, hitting $81.09. The company had a trading volume of 725,443 shares, compared to its average volume of 941,645. Hamilton Lane Inc. has a 52 week low of $71.88 and a 52 week high of $161.13. The firm has a 50 day simple moving average of $83.47 and a 200 day simple moving average of $106.56. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 13.72 and a beta of 1.16.

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

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 18th were paid a dividend of $0.60 per share. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. This represents a $2.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, June 18th. Hamilton Lane’s dividend payout ratio is presently 40.61%.

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