Sanctuary Advisors LLC Raises Stock Position in Hamilton Lane Inc. $HLNE

Sanctuary Advisors LLC raised its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 39.3% during the first quarter, Holdings Channel.com reports. The fund owned 26,591 shares of the company’s stock after buying an additional 7,500 shares during the period. Sanctuary Advisors LLC’s holdings in Hamilton Lane were worth $2,643,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HLNE. Principal Financial Group Inc. raised its stake in Hamilton Lane by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock valued at $109,725,000 after purchasing an additional 18,063 shares during the period. International Assets Investment Management LLC boosted its stake in Hamilton Lane by 29.5% in the 1st quarter. International Assets Investment Management LLC now owns 1,503 shares of the company’s stock worth $146,000 after purchasing an additional 342 shares during the period. Diversify Wealth Management LLC bought a new position in Hamilton Lane in the 1st quarter worth approximately $1,153,000. Fifth Third Bancorp grew its holdings in Hamilton Lane by 5,497.0% during the 1st quarter. Fifth Third Bancorp now owns 18,582 shares of the company’s stock valued at $1,847,000 after buying an additional 18,250 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Hamilton Lane by 205.5% during the 1st quarter. Hsbc Holdings PLC now owns 20,644 shares of the company’s stock valued at $2,069,000 after buying an additional 13,887 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Hartley R. Rogers purchased 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the completion of the transaction, the chairman owned 55,000 shares in the company, valued at approximately $4,952,750. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Andrea Anigati Kramer acquired 1,283 shares of Hamilton Lane stock in a transaction on Thursday, June 11th. The shares were bought at an average cost 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 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. In the last quarter, insiders purchased 95,039 shares of company stock valued at $8,100,739. 22.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HLNE. Zacks Research downgraded shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. The Goldman Sachs Group cut their target price on shares of Hamilton Lane from $148.00 to $128.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Morgan Stanley reduced their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Keefe, Bruyette & Woods decreased their price target on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hamilton Lane in a report on Wednesday, June 3rd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hamilton Lane presently has an average rating of “Moderate Buy” and a consensus target price of $134.29.

Hamilton Lane Stock Down 1.5%

Hamilton Lane stock opened at $84.60 on Tuesday. Hamilton Lane Inc. has a 52-week low of $71.88 and a 52-week high of $161.13. The firm’s fifty day moving average is $82.79 and its 200 day moving average is $104.07. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 14.31 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The business had revenue of $193.57 million during the quarter, compared to analysts’ expectations of $203.05 million. During the same period last year, the company posted $1.21 EPS. The business’s revenue was down 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Hamilton Lane Inc. will post 6.33 earnings per share for the current fiscal year.

Hamilton Lane announced that its board has authorized a stock buyback plan on Thursday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Thursday, June 18th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s payout ratio is 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.