Hamilton Lane Incorporated (HLNE) to Issue Quarterly Dividend of $0.49 on October 4th

Hamilton Lane Incorporated (NASDAQ:HLNE) announced a quarterly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.49 per share on Friday, October 4th. This represents a $1.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, September 16th.

Hamilton Lane has increased its dividend payment by an average of 12.7% annually over the last three years. Hamilton Lane has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Hamilton Lane to earn $5.14 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 38.1%.

Hamilton Lane Trading Up 1.9 %

Shares of HLNE opened at $152.87 on Friday. The company has a market capitalization of $8.29 billion, a P/E ratio of 41.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. Hamilton Lane has a 1-year low of $78.66 and a 1-year high of $161.19. The firm’s 50 day simple moving average is $142.41 and its 200 day simple moving average is $124.94.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The firm had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. During the same period last year, the firm posted $0.94 earnings per share. Sell-side analysts forecast that Hamilton Lane will post 4.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company initiated coverage on Hamilton Lane in a report on Thursday. They set an “equal weight” rating and a $156.00 target price for the company. UBS Group lifted their price target on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and an average target price of $142.20.

Hamilton Lane Company 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.