45,500 Shares in Hamilton Lane Inc. $HLNE Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. bought a new position in Hamilton Lane Inc. (NASDAQ:HLNE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 45,500 shares of the company’s stock, valued at approximately $6,111,000.

A number of other large investors also recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership increased its position in shares of Hamilton Lane by 24.8% during the third quarter. Artisan Partners Limited Partnership now owns 318,111 shares of the company’s stock valued at $42,878,000 after buying an additional 63,220 shares during the period. Jefferies Financial Group Inc. increased its position in shares of Hamilton Lane by 145.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company’s stock valued at $13,195,000 after buying an additional 58,291 shares during the period. Principal Financial Group Inc. increased its position in shares of Hamilton Lane by 148.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock valued at $145,844,000 after buying an additional 648,588 shares during the period. Danske Bank A S increased its position in shares of Hamilton Lane by 19,024.0% during the fourth quarter. Danske Bank A S now owns 19,124 shares of the company’s stock valued at $2,569,000 after buying an additional 19,024 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Hamilton Lane by 541.8% during the fourth quarter. SG Americas Securities LLC now owns 71,717 shares of the company’s stock valued at $9,632,000 after buying an additional 60,542 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

HLNE has been the topic of several research analyst reports. Morgan Stanley reduced their price target on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Hamilton Lane in a research report on Friday, May 22nd. BMO Capital Markets reduced their price target on shares of Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research report on Monday, May 18th. Finally, Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $150.00.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $84.86 on Wednesday. Hamilton Lane Inc. has a one year low of $82.23 and a one year high of $161.13. The company’s 50-day simple moving average is $94.19 and its 200 day simple moving average is $116.01. The firm has a market capitalization of $4.71 billion, a P/E ratio of 14.36 and a beta of 1.14.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Thursday, May 21st. The company reported $1.49 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $203.05 million. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Hamilton Lane’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts expect that Hamilton Lane Inc. will post 6.33 earnings per share for the current fiscal year.

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 2.8%. 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 36.55%.

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

Insider Buying and Selling at Hamilton Lane

In other news, Chairman Hartley R. Rogers purchased 466 shares of Hamilton Lane stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of $92.76 per share, with a total value of $43,226.16. Following the completion of the transaction, the chairman directly owned 55,466 shares of the company’s stock, valued at approximately $5,145,026.16. The trade was a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.21% of the stock is owned by company insiders.

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.