Axiom Investors LLC DE Decreases Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Axiom Investors LLC DE reduced its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 24.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 115,105 shares of the company’s stock after selling 37,217 shares during the period. Axiom Investors LLC DE’s holdings in Hamilton Lane were worth $17,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HLNE. Vanguard Group Inc. boosted its position in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock worth $577,681,000 after purchasing an additional 863,326 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after buying an additional 413,015 shares during the last quarter. State Street Corp boosted its holdings in shares of Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after buying an additional 489,557 shares during the last quarter. Geode Capital Management LLC grew its position in Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after buying an additional 25,657 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Hamilton Lane by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company’s stock valued at $102,140,000 after buying an additional 66,378 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Down 2.5 %

HLNE stock opened at $147.08 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a 1-year low of $108.34 and a 1-year high of $203.72. The business has a 50 day simple moving average of $153.94 and a two-hundred day simple moving average of $165.09. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 27.14 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. Research analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s payout ratio is 36.16%.

Analyst Upgrades and Downgrades

HLNE has been the subject of a number of recent research reports. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price target on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Keefe, Bruyette & Woods raised their price objective 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. Finally, The Goldman Sachs Group downgraded 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.71.

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.