Harbor Capital Advisors Inc. Has $3.81 Million Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Harbor Capital Advisors Inc. lowered its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,728 shares of the company’s stock after selling 2,088 shares during the period. Harbor Capital Advisors Inc.’s holdings in Hamilton Lane were worth $3,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of Hamilton Lane by 31.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after purchasing an additional 413,015 shares during the last quarter. State Street Corp increased its position in Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after buying an additional 489,557 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 buying an additional 25,657 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Hamilton Lane by 0.8% in the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after buying an additional 7,106 shares during the last quarter. Finally, Fred Alger Management LLC boosted its stake in shares of Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after acquiring an additional 65,151 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. UBS Group raised their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods lowered their price target on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating on the stock in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $175.00.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $139.76 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The company has a market cap of $7.75 billion, a PE ratio of 30.32 and a beta of 1.24. The firm has a fifty day moving average price of $174.57 and a two-hundred day moving average price of $159.21. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share. Analysts expect that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a $0.49 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.40%. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

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.