Harbor Capital Advisors Inc. Decreases Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Harbor Capital Advisors Inc. lowered its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 35.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund 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 quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after buying an additional 126 shares during the period. Versant Capital Management Inc bought a new position in shares of Hamilton Lane during the first quarter valued at about $30,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after purchasing an additional 221 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Hamilton Lane during the 4th quarter valued at about $65,000. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

HLNE has been the subject of several research analyst reports. Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Morgan Stanley reduced their price objective 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. Keefe, Bruyette & Woods dropped their target price on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research report on Monday, June 2nd. Wells Fargo & Company reduced their price target 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, JPMorgan Chase & Co. lowered their price objective on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, Hamilton Lane currently has a consensus rating of "Hold" and an average price target of $164.29.

Hamilton Lane Stock Down 0.6%

Shares of NASDAQ HLNE traded down $0.85 on Thursday, reaching $146.49. 855,171 shares of the company's stock traded hands, compared to its average volume of 469,595. The business's 50 day simple moving average is $153.06 and its two-hundred day simple moving average is $155.90. Hamilton Lane Incorporated has a 12 month low of $114.85 and a 12 month high of $203.72. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 27.03 and a beta of 1.25. 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 (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $197.97 million during the quarter, compared to analyst estimates of $165.49 million. During the same quarter last year, the company earned $1.38 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts forecast that Hamilton Lane Incorporated will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.54 per share. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, June 20th. Hamilton Lane's dividend payout ratio (DPR) is currently 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.