Harbor Investment Advisory LLC grew its holdings in Hamilton Lane Incorporated (NASDAQ:HLNE – Get Rating) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,095 shares of the company's stock after purchasing an additional 215 shares during the period. Harbor Investment Advisory LLC's holdings in Hamilton Lane were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of HLNE. Van Berkom & Associates Inc. purchased a new stake in Hamilton Lane in the first quarter worth $61,309,000. Wellington Management Group LLP increased its stake in shares of Hamilton Lane by 13.8% during the first quarter. Wellington Management Group LLP now owns 4,119,730 shares of the company's stock valued at $318,414,000 after buying an additional 498,381 shares during the period. Invesco Ltd. increased its stake in shares of Hamilton Lane by 18.1% during the fourth quarter. Invesco Ltd. now owns 1,086,603 shares of the company's stock valued at $112,593,000 after buying an additional 166,566 shares during the period. Renaissance Technologies LLC increased its stake in shares of Hamilton Lane by 150.9% during the first quarter. Renaissance Technologies LLC now owns 193,031 shares of the company's stock valued at $14,919,000 after buying an additional 116,100 shares during the period. Finally, Polen Capital Management LLC purchased a new position in shares of Hamilton Lane during the first quarter valued at $7,425,000. Hedge funds and other institutional investors own 64.80% of the company's stock.
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Hamilton Lane Stock Down 1.6 %
Hamilton Lane stock opened at $63.48 on Tuesday. The stock has a market capitalization of $3.38 billion, a PE ratio of 15.45 and a beta of 0.99. Hamilton Lane Incorporated has a 12 month low of $61.38 and a 12 month high of $116.00. The business has a 50 day simple moving average of $71.96 and a 200-day simple moving average of $70.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.86 and a quick ratio of 1.86.
Hamilton Lane (NASDAQ:HLNE – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.12. The business had revenue of $135.51 million during the quarter, compared to analysts' expectations of $100.20 million. Hamilton Lane had a return on equity of 52.70% and a net
margin of 42.33%. On average, analysts anticipate that Hamilton Lane Incorporated will post 3.14 EPS for the current fiscal year.
Hamilton Lane Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, September 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Wednesday, September 14th. Hamilton Lane's payout ratio is 38.93%.
Analysts Set New Price Targets
HLNE has been the topic of several research reports. UBS Group lowered Hamilton Lane from a "buy" rating to a "neutral" rating and raised their price target for the company from $72.00 to $75.00 in a research note on Tuesday, August 9th. Wells Fargo & Company cut their price target on Hamilton Lane from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 13th. The Goldman Sachs Group cut their target price on Hamilton Lane from $85.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 29th. Finally, Morgan Stanley cut their target price on Hamilton Lane from $73.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 9th.
Hamilton Lane Company Profile
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Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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