Dimensional Fund Advisors LP Grows Stock Holdings in Hamilton Lane Inc. $HLNE

Dimensional Fund Advisors LP increased its position in Hamilton Lane Inc. (NASDAQ:HLNE) by 1.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 678,579 shares of the company’s stock after buying an additional 12,115 shares during the period. Dimensional Fund Advisors LP’s holdings in Hamilton Lane were worth $67,450,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Jefferies Financial Group Inc. lifted its position in Hamilton Lane by 145.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock valued at $13,195,000 after acquiring an additional 58,291 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Hamilton Lane by 148.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after purchasing an additional 648,588 shares in the last quarter. Danske Bank A S increased its holdings in Hamilton Lane by 19,024.0% during the 4th quarter. Danske Bank A S now owns 19,124 shares of the company’s stock worth $2,569,000 after purchasing an additional 19,024 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Hamilton Lane by 126.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 22,210 shares of the company’s stock valued at $2,983,000 after purchasing an additional 12,396 shares during the period. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Hamilton Lane in the 4th quarter valued at about $6,707,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HLNE. The Goldman Sachs Group reduced their price objective on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Weiss Ratings lowered Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. cut their target price on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. BMO Capital Markets set a $94.00 price target on Hamilton Lane in a research report on Monday, July 13th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.71.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $88.91 on Friday. The company’s 50-day moving average price is $82.63 and its two-hundred day moving average price is $100.80. Hamilton Lane Inc. has a one year low of $71.88 and a one year high of $161.13. The stock has a market capitalization of $4.94 billion, a PE ratio of 15.04 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data 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. The company had revenue of $193.57 million during 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 for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 EPS. On average, analysts anticipate that Hamilton Lane Inc. will post 6.45 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.7%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Thursday, June 18th. Hamilton Lane’s payout ratio is currently 40.61%.

Hamilton Lane announced that its board has initiated a stock buyback program 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 programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Chairman Hartley R. Rogers acquired 55,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the purchase, the chairman directly owned 55,000 shares in the company, valued at approximately $4,952,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrea Anigati Kramer acquired 1,283 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $77.46 per share, with a total value of $99,381.18. Following the acquisition, the chief operating officer owned 87,350 shares in the company, valued at $6,766,131. The trade was a 1.49% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 95,039 shares of company stock valued at $8,100,739. Corporate insiders own 23.99% of the company’s stock.

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.