Harbor Capital Advisors Inc. Has $1.40 Million Holdings in Hamilton Lane Inc. $HLNE

Harbor Capital Advisors Inc. raised its position in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 208.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,457 shares of the company’s stock after purchasing an additional 7,063 shares during the period. Harbor Capital Advisors Inc.’s holdings in Hamilton Lane were worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HLNE. Quarry LP increased its holdings in Hamilton Lane by 2,557.1% in the third quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after buying an additional 179 shares during the last quarter. Advisory Services Network LLC bought a new position in Hamilton Lane during the third quarter valued at approximately $26,000. Cornerstone Planning Group LLC lifted its stake in Hamilton Lane by 347.7% in the third quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after acquiring an additional 153 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Hamilton Lane by 80.5% in the third quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after acquiring an additional 95 shares during the last quarter. Finally, First Horizon Corp bought a new stake in Hamilton Lane in the third quarter worth approximately $31,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HLNE has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. BMO Capital Markets lowered their target price on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Finally, Oppenheimer upped their price target on Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.00.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $94.19 on Friday. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $113.49 and a 200-day simple moving average of $125.44. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 16.91 and a beta of 1.33. Hamilton Lane Inc. has a 1-year low of $90.47 and a 1-year high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. The business had revenue of $198.59 million for the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. Hamilton Lane’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. On average, sell-side analysts expect that Hamilton Lane Inc. will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s dividend payout ratio (DPR) is currently 38.78%.

Hamilton Lane Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.