Axiom Investors LLC DE Lowers Holdings 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 reduced its stake 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,102 shares of the company's stock after selling 66,003 shares during the quarter. Axiom Investors LLC DE owned about 0.09% of Hamilton Lane worth $7,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC boosted its position in shares of Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company's stock worth $91,000 after acquiring an additional 94 shares during the last quarter. Lifestyle Asset Management Inc. increased its holdings in Hamilton Lane by 8.0% in the 1st quarter. Lifestyle Asset Management Inc. now owns 1,636 shares of the company's stock valued at $243,000 after acquiring an additional 121 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after purchasing an additional 126 shares in the last quarter. Securian Asset Management Inc. boosted its holdings in shares of Hamilton Lane by 4.4% during the 1st quarter. Securian Asset Management Inc. now owns 3,292 shares of the company's stock valued at $489,000 after purchasing an additional 140 shares during the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in shares of Hamilton Lane by 2.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 7,411 shares of the company's stock valued at $1,101,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

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

Hamilton Lane Trading Up 0.1%

Shares of HLNE stock traded up $0.18 during trading hours on Wednesday, reaching $154.52. 281,838 shares of the stock were exchanged, compared to its average volume of 559,401. Hamilton Lane Inc. has a 12-month low of $124.10 and a 12-month high of $203.72. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The company's 50-day moving average price is $150.58 and its 200-day moving average price is $151.14. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 29.72 and a beta of 1.23.

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

Hamilton Lane Dividend Announcement

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

Hamilton Lane Company 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.