Trexquant Investment LP Has $1.44 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Trexquant Investment LP lowered its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,744 shares of the company's stock after selling 6,222 shares during the quarter. Trexquant Investment LP's holdings in Hamilton Lane were worth $1,443,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after acquiring an additional 863,326 shares during the last quarter. State Street Corp lifted its stake in shares of Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock valued at $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Norges Bank bought a new stake in Hamilton Lane in the fourth quarter worth $68,909,000. Artemis Investment Management LLP acquired a new position in Hamilton Lane during the fourth quarter worth $30,350,000. Finally, Raymond James Financial Inc. bought a new position in Hamilton Lane during the fourth quarter valued at about $24,081,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. 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. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. Morgan Stanley dropped their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday. The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $165.29.

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Hamilton Lane Stock Performance

HLNE traded up $1.89 on Tuesday, hitting $142.76. 47,657 shares of the stock traded hands, compared to its average volume of 413,626. The business has a fifty day moving average price of $149.10 and a two-hundred day moving average price of $163.25. 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 52 week low of $108.34 and a 52 week high of $203.72. The firm has a market capitalization of $7.91 billion, a PE ratio of 26.27 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million for 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 business's revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.37%. Hamilton Lane's payout ratio is presently 36.16%.

Hamilton Lane Profile

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.