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

Harbor Capital Advisors Inc. trimmed its position in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 35.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,542 shares of the company's stock after selling 9,186 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Hamilton Lane were worth $2,459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HLNE. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Hamilton Lane by 10.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,689 shares of the company's stock valued at $1,285,000 after purchasing an additional 789 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Hamilton Lane by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock valued at $705,000 after buying an additional 65 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Hamilton Lane by 3.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the company's stock valued at $1,717,000 after buying an additional 400 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Hamilton Lane by 34.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 76,656 shares of the company's stock valued at $11,349,000 after buying an additional 19,721 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Hamilton Lane by 46.8% in the 4th quarter. Van ECK Associates Corp now owns 37,069 shares of the company's stock valued at $5,488,000 after buying an additional 11,813 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HLNE shares. JPMorgan Chase & Co. dropped their target price on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley dropped their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Wells Fargo & Company dropped their target price on shares of Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a research report on Monday, June 2nd. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of "Hold" and a consensus target price of $164.29.

Hamilton Lane Stock Performance

Hamilton Lane stock traded down $7.54 during midday trading on Friday, hitting $138.95. 791,536 shares of the company's stock were exchanged, compared to its average volume of 472,796. Hamilton Lane Incorporated has a 12-month low of $114.85 and a 12-month high of $203.72. 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 stock has a market cap of $7.44 billion, a price-to-earnings ratio of 25.64 and a beta of 1.25. The firm's 50 day simple moving average is $153.55 and its 200 day simple moving average is $154.59.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $197.97 million during the quarter, compared to analysts' expectations of $165.49 million. During the same quarter last year, the business earned $1.38 EPS. The business's revenue was up 12.1% on a year-over-year basis. Equities research analysts predict that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, June 20th. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's dividend payout ratio (DPR) is 40.07%.

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.