Hamilton Lane Incorporated (NASDAQ:HLNE) Declares $0.49 Quarterly Dividend

Hamilton Lane Incorporated (NASDAQ:HLNE) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.49 per share on Tuesday, January 7th. This represents a $1.96 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, December 16th.

Hamilton Lane has raised its dividend payment by an average of 12.7% annually over the last three years. Hamilton Lane has a dividend payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hamilton Lane to earn $5.18 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 37.8%.

Hamilton Lane Stock Performance

HLNE stock traded down $2.67 during mid-day trading on Thursday, hitting $189.96. 30,515 shares of the company were exchanged, compared to its average volume of 314,948. The stock has a market capitalization of $10.30 billion, a PE ratio of 44.28 and a beta of 1.18. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. Hamilton Lane has a 1-year low of $86.20 and a 1-year high of $196.60. The business has a 50 day simple moving average of $167.61 and a 200-day simple moving average of $141.67.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. During the same period in the prior year, the company posted $0.89 earnings per share. Hamilton Lane’s revenue was up 18.2% compared to the same quarter last year. On average, equities analysts forecast that Hamilton Lane will post 4.9 earnings per share for the current year.

Analysts Set New Price Targets

HLNE has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley raised their target price on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company boosted their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $160.50.

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.