Axiom Investors LLC DE Cuts Position in Hamilton Lane Inc. $HLNE

Key Points

• Axiom Investors LLC DE decreased its stake in Hamilton Lane Inc. by 57.3%, now holding 49,102 shares after selling 66,003 shares during the first quarter.
• Hamilton Lane reported a quarterly earnings per share (EPS) of $1.31, exceeding expectations by $0.33, with revenue of $196.73 million, surpassing forecasts.
• The company declared a quarterly dividend of $0.54 per share, with an annualized dividend of $2.16 and a yield of 1.4%, set to be paid on October 6th.

Axiom Investors LLC DE lessened its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 57.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,102 shares of the company's stock after selling 66,003 shares during the quarter. Axiom Investors LLC DE owned 0.09% of Hamilton Lane worth $7,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after buying an additional 126 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Hamilton Lane during the first quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Hamilton Lane during the first quarter worth about $33,000. Covestor Ltd grew its position in shares of Hamilton Lane by 375.9% during the first quarter. Covestor Ltd now owns 414 shares of the company's stock worth $62,000 after purchasing an additional 327 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Hamilton Lane during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLNE. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. cut their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $163.14.

Hamilton Lane Trading Down 0.7%

Shares of NASDAQ:HLNE traded down $1.06 during trading on Friday, hitting $153.81. The company had a trading volume of 64,620 shares, compared to its average volume of 554,423. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 29.58 and a beta of 1.23. Hamilton Lane Inc. has a one year low of $124.10 and a one year high of $203.72. The company has a fifty day simple moving average of $151.29 and a two-hundred day simple moving average of $151.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business had revenue of $196.73 million during the quarter, compared to analyst estimates of $166.96 million. During the same period last year, the company earned $1.47 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, September 19th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Hamilton Lane's payout ratio is 41.54%.

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.