3,101 Shares in Hamilton Lane Incorporated (NASDAQ:HLNE) Purchased by Axa S.A.

Axa S.A. purchased a new stake in Hamilton Lane Incorporated (NASDAQ:HLNE) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,101 shares of the company’s stock, valued at approximately $459,000.

Other large investors have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its position in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after purchasing an additional 61 shares during the last quarter. Farther Finance Advisors LLC increased its position in Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Hamilton Lane during the fourth quarter worth $65,000. R Squared Ltd bought a new stake in shares of Hamilton Lane in the fourth quarter valued at about $213,000. Finally, Aigen Investment Management LP acquired a new position in shares of Hamilton Lane in the fourth quarter valued at about $221,000. 97.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HLNE. Wells Fargo & Company cut their price objective on shares of Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Morgan Stanley reduced their target price on Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their price target on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $164.14.

Hamilton Lane Price Performance

Shares of HLNE stock opened at $162.68 on Friday. The business has a fifty day simple moving average of $146.43 and a 200 day simple moving average of $160.11. The company has a market cap of $9.02 billion, a P/E ratio of 30.01 and a beta of 1.31. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane Incorporated has a twelve month low of $114.25 and a twelve month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, sell-side analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.20%. Hamilton Lane’s dividend payout ratio is currently 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.