Hamilton Lane Incorporated (NASDAQ:HLNE) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its position in Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,728 shares of the company’s stock after selling 2,088 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Hamilton Lane were worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quarry LP raised its stake in shares of Hamilton Lane by 316.2% during the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares in the last quarter. CWM LLC raised its position in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after acquiring an additional 156 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane during the third quarter valued at approximately $111,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Hamilton Lane during the third quarter worth approximately $127,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $139.76 on Friday. The company has a market cap of $7.75 billion, a P/E ratio of 30.32 and a beta of 1.24. The company’s fifty day moving average is $174.57 and its two-hundred day moving average is $159.21. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane Incorporated has a 12-month low of $103.42 and a 12-month high of $203.72.

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

Hamilton Lane Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on HLNE shares. JPMorgan Chase & Co. boosted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. UBS Group upped their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Morgan Stanley upped their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $175.00.

Hamilton Lane 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.