Copeland Capital Management LLC Reduces Stock Position in Hamilton Lane Inc. $HLNE

Copeland Capital Management LLC lowered its stake in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 3.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 505,806 shares of the company’s stock after selling 18,360 shares during the quarter. Copeland Capital Management LLC’s holdings in Hamilton Lane were worth $50,277,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Hamilton Lane by 2,557.1% in the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after acquiring an additional 179 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Hamilton Lane during the 3rd quarter valued at about $26,000. Parallel Advisors LLC boosted its position in shares of Hamilton Lane by 81.2% during the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 108 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after purchasing an additional 254 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake 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 worth $61,000 after purchasing an additional 90 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hamilton Lane

In other Hamilton Lane news, COO Andrea Anigati Kramer acquired 1,283 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the completion of the acquisition, the chief operating officer owned 87,350 shares of the company’s stock, valued at approximately $6,766,131. This trade represents a 1.49% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Hartley R. Rogers bought 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 in the company, valued at $4,952,750. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 95,039 shares of company stock valued at $8,100,739. Insiders own 22.21% of the company’s stock.

Analyst Upgrades and Downgrades

HLNE has been the subject of several analyst reports. Morgan Stanley dropped their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. BMO Capital Markets set a $94.00 target price on Hamilton Lane in a research note on Monday. Keefe, Bruyette & Woods decreased their price target on Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Oppenheimer lowered their price target on Hamilton Lane from $176.00 to $174.00 and set an “outperform” rating for the company in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hamilton Lane in a research report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.29.

Hamilton Lane Trading Down 0.1%

Shares of NASDAQ HLNE opened at $85.85 on Friday. The stock has a market capitalization of $4.77 billion, a PE ratio of 14.53 and a beta of 1.16. Hamilton Lane Inc. has a twelve month low of $71.88 and a twelve month high of $161.13. The stock has a fifty day simple moving average of $82.87 and a 200-day simple moving average of $104.66.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 25.98% and a net margin of 32.83%.Hamilton Lane’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. On average, equities analysts predict that Hamilton Lane Inc. will post 6.33 earnings per share for the current year.

Hamilton Lane declared that its board has initiated a share buyback 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 management believes its stock is undervalued.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Thursday, June 18th were given a dividend of $0.60 per share. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.54. This represents a $2.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 18th. Hamilton Lane’s dividend payout ratio is currently 40.61%.

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.