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

Hamilton Lane Incorporated (NASDAQ:HLNE) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Stockholders 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 1.44%. The ex-dividend date of this dividend is Monday, September 16th.

Hamilton Lane has increased its dividend by an average of 12.7% annually over the last three years. Hamilton Lane has a dividend payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hamilton Lane to earn $5.06 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 38.7%.

Hamilton Lane Trading Up 2.4 %

Shares of NASDAQ HLNE traded up $3.16 during trading on Wednesday, hitting $136.43. 9,844 shares of the company were exchanged, compared to its average volume of 269,376. The firm has a market capitalization of $7.37 billion, a PE ratio of 36.12 and a beta of 1.17. Hamilton Lane has a 12-month low of $78.66 and a 12-month high of $146.69. The company has a fifty day moving average price of $128.39 and a 200-day moving average price of $119.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.02 and a current ratio of 3.02.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. The business had revenue of $176.67 million for the quarter, compared to the consensus estimate of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. As a group, equities research analysts expect that Hamilton Lane will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

HLNE has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, May 24th. Finally, UBS Group boosted their price target on shares of Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 24th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $122.80.

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.