Hamilton Lane Inc. $HLNE Shares Acquired by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets boosted its Hamilton Lane stake by 170.4% in the fourth quarter, ending with 134,323 shares valued at about $18.0 million.
• Hamilton Lane reported quarterly EPS of $1.49, topping analyst estimates, though revenue of $193.6 million came in below expectations and was down 2.2% year over year.
• The company raised its quarterly dividend to $0.60 per share and authorized a $100 million share buyback, signaling continued capital returns to shareholders.

BNP Paribas Financial Markets lifted its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 170.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,323 shares of the company's stock after purchasing an additional 84,649 shares during the period. BNP Paribas Financial Markets owned about 0.24% of Hamilton Lane worth $18,041,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Hamilton Lane by 6.0% during the first quarter. Royal Bank of Canada now owns 52,466 shares of the company's stock worth $7,800,000 after buying an additional 2,948 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Hamilton Lane by 4,806.7% during the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company's stock worth $759,000 after buying an additional 4,999 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings 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 buying an additional 254 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Hamilton Lane by 26.7% during the second quarter. First Trust Advisors LP now owns 31,483 shares of the company's stock worth $4,474,000 after buying an additional 6,636 shares during the last quarter. Finally, Amundi grew its holdings in shares of Hamilton Lane by 39,766.7% during the second quarter. Amundi now owns 2,392 shares of the company's stock worth $347,000 after buying an additional 2,386 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Ratings Changes

HLNE has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on Hamilton Lane from $166.00 to $148.00 and set an "overweight" rating on the stock in a report on Monday, May 18th. Zacks Research lowered Hamilton Lane from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Hamilton Lane in a report on Friday, May 22nd. BMO Capital Markets lowered their price objective on Hamilton Lane from $108.00 to $102.00 and set an "outperform" rating on the stock in a report on Friday, May 22nd. Finally, Oppenheimer lifted their price objective on Hamilton Lane from $171.00 to $179.00 and gave the company an "outperform" rating in a report on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.00.

Insider Activity

In related news, Chairman Hartley R. Rogers acquired 55,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $90.05 per share, for a total transaction of $4,952,750.00. Following the transaction, the chairman directly owned 55,000 shares of the company's stock, valued at approximately $4,952,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 22.21% of the stock is owned by corporate insiders.

Hamilton Lane Trading Down 2.7%

HLNE stock opened at $80.46 on Friday. The firm has a 50 day moving average of $92.73 and a 200-day moving average of $114.72. Hamilton Lane Inc. has a 12-month low of $76.79 and a 12-month high of $161.13. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 13.61 and a beta of 1.14.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating 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 company had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. During the same period last year, the firm earned $1.21 EPS. The company's revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts forecast that Hamilton Lane Inc. will post 6.33 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, June 18th. 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. Hamilton Lane's payout ratio is presently 36.55%.

Hamilton Lane announced that its board has approved a share repurchase program on Thursday, May 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

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.

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