Axiom Investors LLC DE Cuts Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Axiom Investors LLC DE cut its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 24.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,105 shares of the company's stock after selling 37,217 shares during the quarter. Axiom Investors LLC DE owned 0.21% of Hamilton Lane worth $17,041,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HLNE. California Public Employees Retirement System lifted its holdings in shares of Hamilton Lane by 29.2% during the fourth quarter. California Public Employees Retirement System now owns 51,510 shares of the company's stock valued at $7,626,000 after purchasing an additional 11,649 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Hamilton Lane during the 4th quarter valued at about $12,487,000. Orion Portfolio Solutions LLC grew its position in Hamilton Lane by 7.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,080 shares of the company's stock worth $2,381,000 after purchasing an additional 1,179 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Hamilton Lane by 2.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,407 shares of the company's stock valued at $801,000 after buying an additional 108 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Hamilton Lane by 567.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,444 shares of the company's stock worth $510,000 after purchasing an additional 2,928 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

HLNE has been the subject of several analyst reports. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. Wells Fargo & Company decreased their target price on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $170.71.

Hamilton Lane Trading Down 3.1 %

Shares of NASDAQ:HLNE traded down $4.44 during trading on Friday, reaching $136.46. The company's stock had a trading volume of 260,056 shares, compared to its average volume of 397,040. The firm's 50 day simple moving average is $153.33 and its two-hundred day simple moving average is $164.84. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 12 month low of $108.34 and a 12 month high of $203.72. The stock has a market capitalization of $7.57 billion, a PE ratio of 24.96 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm's quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. On average, research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.44%. Hamilton Lane's payout ratio is 36.16%.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.