AXQ Capital LP Invests $3.58 Million in Hamilton Lane Inc. $HLNE

Key Points

• AXQ Capital LP initiated a $3.58 million position in Hamilton Lane, purchasing 45,351 shares and owning approximately 0.08% of the company. Institutional investors collectively hold 97.4% of outstanding shares.
• Hamilton Lane reported strong quarterly results, with EPS of $1.94 beating estimates of $1.53 and revenue rising 56.5% year over year to $275.33 million. The company also authorized a $100 million share-repurchase program.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $131.57 versus the reported share price of $103.40. Hamilton Lane also declared a quarterly dividend of $0.60 per share, representing a 2.3% yield.

AXQ Capital LP purchased a new stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 45,351 shares of the company's stock, valued at approximately $3,575,000. AXQ Capital LP owned about 0.08% of Hamilton Lane at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HLNE. Jefferies Financial Group Inc. raised its stake in shares of Hamilton Lane by 145.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 98,241 shares of the company's stock worth $13,195,000 after purchasing an additional 58,291 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hamilton Lane by 148.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company's stock worth $145,844,000 after purchasing an additional 648,588 shares during the period. Thrivent Financial for Lutherans grew its position in Hamilton Lane by 126.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 22,210 shares of the company's stock valued at $2,983,000 after buying an additional 12,396 shares during the last quarter. Sei Investments Co. grew its position in Hamilton Lane by 37.4% in the 1st quarter. Sei Investments Co. now owns 406,425 shares of the company's stock valued at $40,399,000 after buying an additional 110,617 shares during the last quarter. Finally, GW&K Investment Management LLC acquired a new position in Hamilton Lane in the 4th quarter valued at $33,534,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Transactions at Hamilton Lane

In other news, COO Andrea Kramer acquired 1,283 shares of Hamilton Lane stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $77.46 per share, with a total value of $99,381.18. Following the completion of the purchase, the chief operating officer owned 87,350 shares of the company's stock, valued at approximately $6,766,131. This represents a 1.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Hartley Rogers acquired 38,290 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $78.49 per share, with a total value of $3,005,382.10. Following the transaction, the chairman owned 93,756 shares of the company's stock, valued at approximately $7,358,908.44. This trade represents a 69.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 23.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HLNE shares. The Goldman Sachs Group dropped their target price on Hamilton Lane from $148.00 to $128.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Zacks Research raised Hamilton Lane from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. UBS Group increased their price objective on Hamilton Lane from $114.00 to $131.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. BMO Capital Markets set a $94.00 target price on shares of Hamilton Lane in a research report on Monday, July 13th. Finally, Oppenheimer cut their price target on shares of Hamilton Lane from $182.00 to $181.00 and set an "outperform" rating for the company in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.57.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $103.40 on Friday. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $5.74 billion, a P/E ratio of 15.76 and a beta of 1.19. The firm has a 50-day moving average price of $92.68 and a two-hundred day moving average price of $93.92. Hamilton Lane Inc. has a twelve month low of $71.88 and a twelve month high of $155.66.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The business had revenue of $275.33 million for the quarter, compared to analyst estimates of $221.94 million. During the same period in the prior year, the business earned $1.47 earnings per share. The company's quarterly revenue was up 56.5% on a year-over-year basis. As a group, research analysts expect that Hamilton Lane Inc. will post 6.95 earnings per share for the current fiscal year.

Hamilton Lane declared that its Board of Directors has authorized a share buyback plan on Thursday, May 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 21st. Hamilton Lane's dividend payout ratio (DPR) is currently 36.59%.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

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