Hamilton Lane Inc. $HLNE Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 12.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 905,660 shares of the company’s stock after acquiring an additional 103,663 shares during the period. Janus Henderson Group PLC’s holdings in Hamilton Lane were worth $90,045,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HLNE. Millennium Management LLC increased its holdings in shares of Hamilton Lane by 418.8% in the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after purchasing an additional 856,112 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Hamilton Lane by 148.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after buying an additional 648,588 shares in the last quarter. Norges Bank acquired a new position in Hamilton Lane during the fourth quarter worth about $68,657,000. Balyasny Asset Management L.P. grew its position in Hamilton Lane by 117.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock worth $101,558,000 after buying an additional 409,013 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new position in Hamilton Lane in the fourth quarter valued at about $48,820,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hamilton Lane news, COO Andrea Anigati Kramer purchased 1,283 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the acquisition, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at $6,766,131. This represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Hartley R. Rogers acquired 38,290 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $78.49 per share, with a total value of $3,005,382.10. Following the purchase, the chairman owned 93,756 shares in the company, valued at approximately $7,358,908.44. The trade was a 69.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 95,039 shares of company stock valued at $8,100,739. Company insiders own 23.99% of the company’s stock.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $88.91 on Friday. The firm has a 50 day simple moving average of $82.63 and a 200-day simple moving average of $100.80. The firm has a market cap of $4.94 billion, a PE ratio of 15.04 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 announced its earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $193.57 million for the quarter, compared to analyst estimates of $203.05 million. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. Hamilton Lane’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. As a group, sell-side analysts expect that Hamilton Lane Inc. will post 6.45 earnings per share for the current fiscal year.

Hamilton Lane announced that its board has initiated a share repurchase plan on Thursday, May 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Hamilton Lane Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date was Thursday, June 18th. Hamilton Lane’s payout ratio is 40.61%.

Wall Street Analysts Forecast Growth

HLNE has been the subject of a number of research reports. BMO Capital Markets set a $94.00 price target on shares of Hamilton Lane in a research report on Monday, July 13th. Morgan Stanley lowered their price target on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Oppenheimer dropped their price objective on Hamilton Lane from $176.00 to $174.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Zacks Research cut Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, The Goldman Sachs Group decreased their target price on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Hamilton Lane has a consensus rating of “Moderate Buy” and a consensus target price of $131.71.

About Hamilton Lane

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.