Louisiana State Employees Retirement System Takes Position in Hamilton Lane Inc. $HLNE

Louisiana State Employees Retirement System purchased a new position in Hamilton Lane Inc. (NASDAQ:HLNE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,800 shares of the company’s stock, valued at approximately $1,173,000.

Several other hedge funds have also recently made changes to their positions in HLNE. Quarry LP lifted its position in Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares during the period. Advisory Services Network LLC bought a new stake in Hamilton Lane in the 3rd quarter worth approximately $26,000. Parallel Advisors LLC raised its stake in Hamilton Lane by 81.2% during the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 108 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in 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. lifted its holdings 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 period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Andrea Anigati Kramer purchased 1,283 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $77.46 per share, with a total value of $99,381.18. Following the completion of the acquisition, the chief operating officer owned 87,350 shares of the company’s stock, valued at approximately $6,766,131. This trade represents a 1.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Hartley R. Rogers purchased 38,290 shares of Hamilton Lane stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $78.49 per share, with a total value of $3,005,382.10. Following the transaction, the chairman owned 93,756 shares of the company’s stock, valued at approximately $7,358,908.44. This represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 95,039 shares of company stock valued at $8,100,739 in the last three months. 22.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HLNE has been the topic of a number of research reports. The Goldman Sachs Group dropped their price target on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets reduced their price objective on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a research report on Friday, May 22nd. Morgan Stanley lowered their target price on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. cut their price target on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hamilton Lane has an average rating of “Moderate Buy” and a consensus price target of $147.12.

Hamilton Lane Stock Performance

HLNE opened at $79.76 on Friday. The firm’s 50 day simple moving average is $84.73 and its two-hundred day simple moving average is $108.35. The company has a market capitalization of $4.43 billion, a PE ratio of 13.50 and a beta of 1.16. Hamilton Lane Inc. has a 1-year low of $71.88 and a 1-year high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 EPS. Equities analysts forecast that Hamilton Lane Inc. will post 6.33 earnings per share for the current fiscal year.

Hamilton Lane announced that its board has approved a share repurchase program on Thursday, May 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Hamilton Lane Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.0%. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date is Thursday, June 18th. Hamilton Lane’s dividend payout ratio (DPR) is presently 40.61%.

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.