Axiom Investors LLC DE Sells 66,003 Shares of Hamilton Lane Inc. $HLNE

Key Points

• Axiom Investors LLC has reduced its holdings in Hamilton Lane Inc. by 57.3%, now owning approximately 0.09% of the company, valued at $7.3 million.
• Several institutional investors increased their stakes in Hamilton Lane, including Ensign Peak Advisors which lifted its stake by 78.4% during the fourth quarter.
• Hamilton Lane announced a quarterly dividend of $0.54 per share, translating to an annualized yield of 1.5% and a current payout ratio of 41.54%.

Axiom Investors LLC DE trimmed its stake in Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) by 57.3% in the 1st quarter, according to its most recent 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 period. Axiom Investors LLC DE owned 0.09% of Hamilton Lane worth $7,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLNE. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Hamilton Lane in the 1st quarter worth $432,772,000. Champlain Investment Partners LLC bought a new position in shares of Hamilton Lane in the first quarter worth about $112,887,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Hamilton Lane by 63.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock worth $189,555,000 after acquiring an additional 494,637 shares during the period. Nuveen LLC purchased a new position in shares of Hamilton Lane during the first quarter valued at about $24,334,000. Finally, GAMMA Investing LLC grew its position in shares of Hamilton Lane by 24,544.3% during the first quarter. GAMMA Investing LLC now owns 136,776 shares of the company's stock valued at $203,340,000 after purchasing an additional 136,221 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the transaction, the insider owned 330,015 shares of the company's stock, valued at $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.21% of the stock is owned by company insiders.

Hamilton Lane Trading Down 3.3%

Shares of NASDAQ HLNE traded down $5.01 during trading hours on Friday, reaching $148.79. The stock had a trading volume of 299,411 shares, compared to its average volume of 547,175. 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 firm has a market cap of $8.28 billion, a price-to-earnings ratio of 28.61 and a beta of 1.26. The business's fifty day moving average price is $152.65 and its two-hundred day moving average price is $150.67. Hamilton Lane Inc. has a 52-week low of $124.10 and a 52-week high of $203.72.

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

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Friday, September 19th will be paid a $0.54 dividend. 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 1.5%. Hamilton Lane's payout ratio is 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.