Axiom Investors LLC DE Sells 37,217 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Axiom Investors LLC DE lessened its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 24.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,105 shares of the company’s stock after selling 37,217 shares during the period. Axiom Investors LLC DE owned 0.21% of Hamilton Lane worth $17,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Hamilton Lane by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock worth $577,681,000 after buying an additional 863,326 shares during the period. Wellington Management Group LLP boosted its holdings in Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after acquiring an additional 413,015 shares in the last quarter. State Street Corp increased its position in Hamilton Lane by 53.7% during 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 period. Geode Capital Management LLC lifted its position in shares of Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after purchasing an additional 25,657 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Hamilton Lane by 10.6% in the fourth quarter. JPMorgan Chase & Co. now owns 689,902 shares of the company’s stock worth $102,140,000 after buying an additional 66,378 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

HLNE opened at $147.08 on Monday. The firm has a market cap of $8.15 billion, a PE ratio of 27.14 and a beta of 1.28. The stock has a 50-day moving average price of $153.94 and a 200-day moving average price of $165.09. Hamilton Lane Incorporated has a 1 year low of $108.34 and a 1 year high of $203.72. 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 (NASDAQ:HLNE) last issued its earnings results 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. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s revenue was up 34.3% on a year-over-year basis. Sell-side analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share 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. Stockholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Wall Street Analyst Weigh In

HLNE has been the topic of several research reports. Wells Fargo & Company cut their price objective on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. Oppenheimer raised 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and an average target price 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.