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

Hamilton Lane Incorporated (NASDAQ:HLNE) declared a quarterly dividend on Wednesday, November 6th, Zacks 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 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, December 16th.

Hamilton Lane has raised its dividend by an average of 12.7% annually over the last three years. Hamilton Lane has a dividend payout ratio of 36.0% indicating that 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 Trading Down 1.4 %

HLNE stock traded down $2.67 during trading on Thursday, hitting $189.96. The company had a trading volume of 30,515 shares, compared to its average volume of 314,948. 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 one year low of $86.20 and a one year high of $196.60. The business has a 50-day moving average of $167.61 and a 200-day moving average of $141.67. The stock has a market cap of $10.30 billion, a PE ratio of 44.28 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (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 analyst estimates of $151.55 million. During the same quarter in the previous year, the business earned $0.89 earnings per share. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts predict that Hamilton Lane will post 4.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. UBS Group boosted their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley upped their target price on Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $160.50.

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.