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

Hamilton Lane Incorporated (NASDAQ:HLNE) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Monday, December 16th will be paid 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 increased its dividend payment by an average of 12.7% per year over the last three years. Hamilton Lane has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of HLNE stock opened at $189.42 on Friday. The firm’s 50 day moving average price is $168.40 and its two-hundred day moving average price is $142.01. The stock has a market cap of $10.27 billion, a PE ratio of 43.54 and a beta of 1.18. Hamilton Lane has a 52-week low of $86.20 and a 52-week high of $196.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72.

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

Analyst Upgrades and Downgrades

HLNE has been the topic of several recent analyst reports. UBS Group lifted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday. Morgan Stanley lifted their price objective on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $179.00.

About Hamilton Lane

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.