Hamilton Lane Inc. $HLNE Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of Hamilton Lane Inc. (NASDAQ:HLNE) by 208.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,457 shares of the company’s stock after buying 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Hamilton Lane by 7.3% during the 3rd quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock worth $206,880,000 after acquiring an additional 104,977 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Hamilton Lane by 33.8% during the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock valued at $187,140,000 after purchasing an additional 350,437 shares during the last quarter. Millennium Management LLC boosted its position in shares of Hamilton Lane by 418.8% in the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after purchasing an additional 856,112 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of Hamilton Lane by 0.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 686,204 shares of the company’s stock valued at $92,493,000 after purchasing an additional 5,130 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Hamilton Lane by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 665,043 shares of the company’s stock worth $89,649,000 after purchasing an additional 25,375 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on HLNE shares. JPMorgan Chase & Co. upped their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hamilton Lane in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. BMO Capital Markets decreased their price objective on shares of Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Finally, UBS Group lowered their price objective on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Hamilton Lane has a consensus rating of “Moderate Buy” and an average price target of $165.00.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $94.19 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. Hamilton Lane Inc. has a fifty-two week low of $90.47 and a fifty-two week high of $179.19. The stock’s 50-day moving average is $113.49 and its two-hundred day moving average is $125.44. The stock has a market cap of $5.25 billion, a PE ratio of 16.91 and a beta of 1.33.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.27. The business had revenue of $198.59 million during 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%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. As a group, equities research analysts forecast that Hamilton Lane Inc. will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s payout ratio 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.