Louisiana State Employees Retirement System Invests $1.17 Million in Hamilton Lane Inc. $HLNE

Louisiana State Employees Retirement System purchased a new stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,800 shares of the company’s stock, valued at approximately $1,173,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HLNE. Whittier Trust Co. of Nevada Inc. lifted its position in Hamilton Lane by 27.7% during the fourth 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. State of Michigan Retirement System grew its position in shares of Hamilton Lane by 1.0% in 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 period. Steward Partners Investment Advisory LLC increased its stake 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 in the last quarter. Parallel Advisors LLC increased its stake in shares of Hamilton Lane by 81.2% in the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 108 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Hamilton Lane by 0.3% during 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 owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 acquired at an average cost of $77.46 per share, for a total transaction of $99,381.18. Following the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Hartley R. Rogers bought 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, with a total value of $4,952,750.00. Following the acquisition, the chairman owned 55,000 shares in the company, valued at approximately $4,952,750. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 95,039 shares of company stock valued at $8,100,739. 22.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HLNE has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Hamilton Lane from $148.00 to $128.00 and set a “buy” rating on the stock in a research note on Tuesday. Morgan Stanley lowered their target price on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company 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. JPMorgan Chase & Co. cut their price target on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday, May 18th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hamilton Lane in a research report on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.12.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $79.76 on Friday. Hamilton Lane Inc. has a 1 year low of $71.88 and a 1 year high of $161.13. The firm’s 50-day moving average is $84.73 and its 200 day moving average is $108.35. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 13.50 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The business had revenue of $193.57 million during 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 period last year, the business earned $1.21 EPS. On average, equities analysts expect that Hamilton Lane Inc. will post 6.33 EPS for the current fiscal year.

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

Hamilton Lane Increases Dividend

The company also recently declared 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 dividend yield of 3.0%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, June 18th. Hamilton Lane’s payout ratio is 40.61%.

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.