Hamilton Lane Inc. $HLNE Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 1,039.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 335,903 shares of the company’s stock after purchasing an additional 306,429 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hamilton Lane were worth $33,389,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Quarry LP increased its holdings in Hamilton Lane by 2,557.1% during the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after purchasing an additional 179 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at approximately $26,000. 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 valued at $32,000 after purchasing an additional 108 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after buying an additional 254 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake 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 buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HLNE. Weiss Ratings downgraded shares of Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Morgan Stanley reduced their price objective on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. JPMorgan Chase & Co. decreased their price objective 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. Finally, Keefe, Bruyette & Woods dropped 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, July 10th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.71.

Insiders Place Their Bets

In other Hamilton Lane news, 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 trade represents a 1.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Hartley R. Rogers bought 55,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average cost of $90.05 per share, for a total transaction of $4,952,750.00. Following the completion of 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 position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 95,039 shares of company stock valued at $8,100,739. 23.99% of the stock is currently owned by corporate insiders.

Hamilton Lane Stock Down 0.0%

NASDAQ:HLNE opened at $88.91 on Friday. The business’s 50 day moving average is $82.63 and its two-hundred day moving average is $100.80. Hamilton Lane Inc. has a 52 week low of $71.88 and a 52 week high of $161.13. The company has a market cap of $4.94 billion, a PE ratio of 15.04 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Thursday, May 21st. The company reported $1.49 EPS for the quarter, topping 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 company had revenue of $193.57 million during the quarter, compared to analyst estimates of $203.05 million. During the same quarter last year, the firm earned $1.21 EPS. The business’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Hamilton Lane Inc. will post 6.45 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th were issued a $0.60 dividend. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. 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 authorized a share repurchase plan on Thursday, May 21st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 2% of its shares through open market purchases. Shares buyback plans are often 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.