Hsbc Holdings PLC Purchases 13,887 Shares of Hamilton Lane Inc. $HLNE

Hsbc Holdings PLC boosted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 205.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,644 shares of the company’s stock after purchasing an additional 13,887 shares during the quarter. Hsbc Holdings PLC’s holdings in Hamilton Lane were worth $2,069,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HLNE. Jefferies Financial Group Inc. raised its stake in Hamilton Lane by 145.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock worth $13,195,000 after buying an additional 58,291 shares during the period. Principal Financial Group Inc. grew its stake in Hamilton Lane by 148.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after acquiring an additional 648,588 shares during the period. Danske Bank A S grew its stake in Hamilton Lane by 19,024.0% in the fourth quarter. Danske Bank A S now owns 19,124 shares of the company’s stock valued at $2,569,000 after acquiring an additional 19,024 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Hamilton Lane in the fourth quarter worth about $40,855,000. Finally, SG Americas Securities LLC increased its holdings in shares of Hamilton Lane by 541.8% in the fourth quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock worth $9,632,000 after acquiring an additional 60,542 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

HLNE opened at $83.16 on Monday. The business’s 50-day moving average price is $82.45 and its two-hundred day moving average price is $102.51. Hamilton Lane Inc. has a 1 year low of $71.88 and a 1 year high of $161.13. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 14.07 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $1.21 earnings per share. Sell-side analysts anticipate that Hamilton Lane Inc. will post 6.45 earnings per share for the current fiscal year.

Hamilton Lane announced that its Board of Directors has approved a stock 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 shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, June 18th. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio (DPR) is presently 40.61%.

Insider Activity at Hamilton Lane

In other news, Chairman Hartley R. Rogers purchased 38,290 shares of Hamilton Lane stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $78.49 per share, with a total value of $3,005,382.10. Following the transaction, the chairman directly owned 93,756 shares in the company, valued at $7,358,908.44. The trade was a 69.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Andrea Anigati Kramer acquired 1,283 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the completion of the acquisition, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at $6,766,131. The trade was a 1.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 95,039 shares of company stock worth $8,100,739 in the last 90 days. Company insiders own 22.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HLNE. Keefe, Bruyette & Woods cut their price objective on Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. BMO Capital Markets set a $94.00 target price on Hamilton Lane in a research note on Monday, July 13th. Weiss Ratings cut Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. Morgan Stanley dropped their target price on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.71.

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.