Harbor Investment Advisory LLC Lowers Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Harbor Investment Advisory LLC lessened its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 834 shares of the company’s stock after selling 210 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Hamilton Lane were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of HLNE. Wellington Management Group LLP raised its position in Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after buying an additional 413,015 shares during the last quarter. State Street Corp raised its position in Hamilton Lane by 53.7% in the 3rd 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 position in Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after buying an additional 25,657 shares during the last quarter. Copeland Capital Management LLC raised its position in Hamilton Lane by 0.8% in the 3rd 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 raised its position in Hamilton Lane by 10.5% in the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after buying an additional 65,151 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Up 1.9 %

Shares of NASDAQ:HLNE opened at $160.14 on Thursday. The stock has a 50 day moving average of $167.10 and a 200 day moving average of $161.05. The company has a market cap of $8.88 billion, a PE ratio of 34.74 and a beta of 1.24. The company has a current ratio of 3.37, a quick 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The business had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same period in the prior year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Hamilton Lane Incorporated will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were given a dividend of $0.49 per share. The ex-dividend date was Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.22%. Hamilton Lane’s dividend payout ratio is currently 42.52%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HLNE shares. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a research report on Monday, January 6th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research report on Tuesday. 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 research report on Tuesday, October 22nd. Morgan Stanley upped their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company reduced their price target on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.86.

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.