AXQ Capital LP Buys New Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

AXQ Capital LP bought a new stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,825 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Hamilton Lane by 31.1% during 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 grew its stake in Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after acquiring an additional 489,557 shares in the last quarter. Geode Capital Management LLC grew its stake in Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after acquiring an additional 25,657 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after buying an additional 97,924 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Hamilton Lane by 7.7% in the 4th quarter. American Century Companies Inc. now owns 551,466 shares of the company’s stock worth $81,645,000 after buying an additional 39,342 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HLNE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company dropped their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Finally, Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Hamilton Lane presently has a consensus rating of “Hold” and an average price target of $170.71.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $150.64 on Monday. The firm has a 50-day moving average price of $153.10 and a 200-day moving average price of $164.92. The firm has a market capitalization of $8.35 billion, a PE ratio of 27.79 and a beta of 1.28. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a 12-month low of $107.22 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released 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 during the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the business earned $0.71 EPS. The business’s revenue was up 34.3% on a year-over-year basis. As a group, equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.30%. Hamilton Lane’s payout ratio is 36.16%.

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.