Hsbc Holdings PLC Acquires 13,887 Shares of Hamilton Lane Inc. $HLNE

Hsbc Holdings PLC grew its holdings in Hamilton Lane Inc. (NASDAQ:HLNE) by 205.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,644 shares of the company’s stock after buying an additional 13,887 shares during the quarter. Hsbc Holdings PLC’s holdings in Hamilton Lane were worth $2,069,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HLNE. Quarry LP grew its holdings in Hamilton Lane by 2,557.1% during 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 bought a new position in shares of Hamilton Lane in the third quarter worth about $26,000. Parallel Advisors LLC lifted its position in shares of 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 purchasing an additional 108 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 purchasing an additional 90 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

HLNE has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered their price target on shares of Hamilton Lane from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Zacks Research downgraded Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. 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 research report on Monday, May 18th. Oppenheimer lowered their target price 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. Finally, Weiss Ratings downgraded Hamilton Lane from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Hamilton Lane currently has an average rating of “Moderate Buy” and a consensus target price of $131.71.

Insider Buying and Selling at Hamilton Lane

In related news, COO Andrea Anigati Kramer purchased 1,283 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $77.46 per share, with a total value of $99,381.18. Following the purchase, the chief operating officer directly owned 87,350 shares in the company, valued at $6,766,131. This trade represents a 1.49% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Hartley R. Rogers purchased 38,290 shares of Hamilton Lane stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $78.49 per share, for a total transaction of $3,005,382.10. Following the completion of the transaction, the chairman directly owned 93,756 shares in the company, valued at $7,358,908.44. The trade was a 69.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 95,039 shares of company stock valued at $8,100,739 in the last quarter. Corporate insiders own 22.21% of the company’s stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE opened at $83.16 on Monday. 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 $82.45 and its 200-day moving average is $102.51. The firm has a market capitalization of $4.62 billion, a PE ratio of 14.07 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share 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 the consensus estimate of $203.05 million. During the same period in the previous year, the firm posted $1.21 earnings per share. Hamilton Lane’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Hamilton Lane Inc. will post 6.45 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Thursday, June 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, June 18th. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. Hamilton Lane’s dividend payout ratio is presently 40.61%.

Hamilton Lane declared that its Board of Directors has initiated a share buyback program on Thursday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.