Trexquant Investment LP Decreases Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Trexquant Investment LP trimmed its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE) by 39.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,744 shares of the company’s stock after selling 6,222 shares during the quarter. Trexquant Investment LP’s holdings in Hamilton Lane were worth $1,443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC increased its position in Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after buying an additional 3,922 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Hamilton Lane in the third quarter worth $291,000. Integrated Wealth Concepts LLC increased its position in Hamilton Lane by 6.3% in the third quarter. Integrated Wealth Concepts LLC now owns 1,798 shares of the company’s stock worth $303,000 after buying an additional 106 shares during the last quarter. IHT Wealth Management LLC purchased a new position in shares of Hamilton Lane in the third quarter valued at $256,000. Finally, Stifel Financial Corp grew its position in shares of Hamilton Lane by 7.6% in the third quarter. Stifel Financial Corp now owns 40,527 shares of the company’s stock valued at $6,824,000 after purchasing an additional 2,867 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Up 16.1 %

HLNE stock opened at $147.08 on Thursday. Hamilton Lane Incorporated has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. The business’s 50 day moving average price is $150.57 and its two-hundred day moving average price is $163.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 27.14 and a beta of 1.32.

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

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.33%. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLNE. Wells Fargo & Company dropped their price objective on Hamilton Lane from $152.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research note on Monday, January 6th. Oppenheimer raised 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Hamilton Lane has a consensus rating of “Hold” and a consensus price target of $170.00.

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.