Royal Bank of Canada lifted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE – Free Report) by 33.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,906 shares of the company’s stock after buying an additional 37,167 shares during the quarter. Royal Bank of Canada’s holdings in Hamilton Lane were worth $14,801,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its stake in Hamilton Lane by 27.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 415 shares of the company’s stock worth $61,000 after purchasing an additional 90 shares in the last quarter. State of Michigan Retirement System grew its stake in Hamilton Lane by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock worth $1,303,000 after buying an additional 100 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Hamilton Lane by 12.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock worth $121,000 after acquiring an additional 103 shares during the period. Parallel Advisors LLC increased its stake in shares of Hamilton Lane by 81.2% in the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 108 shares during the period. Finally, California State Teachers Retirement System increased its position in Hamilton Lane by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 37,346 shares of the company’s stock valued at $5,308,000 after acquiring an additional 111 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Morgan Stanley lowered 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 research note on Tuesday, July 21st. Weiss Ratings downgraded Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, July 20th. The Goldman Sachs Group reduced their price target on shares of Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Oppenheimer upped their price target on shares of Hamilton Lane from $174.00 to $182.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Hamilton Lane currently has a consensus rating of “Moderate Buy” and an average price target of $131.71.
Insider Activity at Hamilton Lane
In related news, COO Andrea Anigati Kramer bought 1,283 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $77.46 per share, with a total value of $99,381.18. Following the completion of the transaction, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at $6,766,131. This trade represents a 1.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Hartley R. Rogers purchased 38,290 shares of the stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $78.49 per share, for a total transaction of $3,005,382.10. Following the acquisition, the chairman owned 93,756 shares of the company’s stock, valued at approximately $7,358,908.44. The trade was a 69.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 95,039 shares of company stock valued at $8,100,739. Corporate insiders own 23.99% of the company’s stock.
Hamilton Lane Trading Up 2.6%
Shares of NASDAQ:HLNE opened at $101.03 on Friday. The stock has a market capitalization of $5.61 billion, a PE ratio of 15.40 and a beta of 1.14. Hamilton Lane Inc. has a 1 year low of $71.88 and a 1 year high of $161.13. The firm has a fifty day moving average price of $83.68 and a 200 day moving average price of $99.01.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.41. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%.The company had revenue of $275.33 million for the quarter, compared to analyst estimates of $221.94 million. During the same period last year, the company earned $1.47 earnings per share. The business’s revenue was up 56.5% compared to the same quarter last year. On average, sell-side analysts forecast that Hamilton Lane Inc. will post 6.68 earnings per share for the current fiscal year.
Hamilton Lane Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, September 21st. Hamilton Lane’s payout ratio is 40.61%.
Hamilton Lane announced that its board has initiated a share buyback plan on Thursday, May 21st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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.
Featured Stories
- Five stocks we like better than Hamilton Lane
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding HLNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hamilton Lane Inc. (NASDAQ:HLNE – Free Report).
Receive News & Ratings for Hamilton Lane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Lane and related companies with MarketBeat.com's FREE daily email newsletter.
