Quantinno Capital Management LP Buys 39,800 Shares of Hamilton Lane Inc. $HLNE

Quantinno Capital Management LP boosted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 237.5% during the 1st quarter, HoldingsChannel reports. The fund owned 56,558 shares of the company’s stock after buying an additional 39,800 shares during the quarter. Quantinno Capital Management LP’s holdings in Hamilton Lane were worth $5,622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HLNE. Whittier Trust Co. of Nevada Inc. grew 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 worth $61,000 after purchasing an additional 90 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Hamilton Lane by 1.0% in the fourth quarter. State of Michigan Retirement System now owns 9,700 shares of the company’s stock valued at $1,303,000 after purchasing an additional 100 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Hamilton Lane by 12.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 899 shares of the company’s stock worth $121,000 after purchasing an additional 103 shares during the period. Parallel Advisors LLC boosted its stake in Hamilton Lane by 81.2% during the fourth quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock worth $32,000 after buying an additional 108 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Hamilton Lane by 0.3% during the second quarter. California State Teachers Retirement System now owns 37,346 shares of the company’s stock worth $5,308,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Down 2.4%

Shares of Hamilton Lane stock opened at $98.44 on Friday. Hamilton Lane Inc. has a 12-month low of $71.88 and a 12-month high of $161.13. The stock has a market capitalization of $5.47 billion, a P/E ratio of 15.01 and a beta of 1.14. The company has a 50-day simple moving average of $83.40 and a 200 day simple moving average of $99.00.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.41. The firm had revenue of $275.33 million for the quarter, compared to analyst estimates of $221.94 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. On average, equities analysts anticipate that Hamilton Lane Inc. will post 6.45 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 21st. Hamilton Lane’s payout ratio is currently 40.61%.

Hamilton Lane announced that its Board of Directors has approved a stock buyback plan on Thursday, May 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLNE. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $105.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday. 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. BMO Capital Markets set a $94.00 price target on shares of Hamilton Lane in a research report on Monday, July 13th. JPMorgan Chase & Co. decreased their price objective on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a report on Monday, May 18th. Finally, Oppenheimer upped their price objective on Hamilton Lane from $174.00 to $182.00 and gave the company an “outperform” rating in a research note on Wednesday. Six 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.71.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, COO Andrea Anigati Kramer bought 1,283 shares of the business’s 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 transaction, the chief operating officer owned 87,350 shares in the company, valued at approximately $6,766,131. This trade represents a 1.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Hartley R. Rogers acquired 55,000 shares of Hamilton Lane stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $90.05 per share, for a total transaction of $4,952,750.00. Following the completion of the purchase, the chairman owned 55,000 shares of the company’s stock, valued at approximately $4,952,750. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 95,039 shares of company stock valued at $8,100,739. Insiders own 23.99% of the company’s stock.

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.