Hamilton Lane Inc. (HLNE) to Issue Quarterly Dividend of $0.60 on January 7th

Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Monday, December 21st will be paid a dividend of $0.60 per share on Thursday, January 7th. This represents a $2.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, December 21st.

Hamilton Lane has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Hamilton Lane has a payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $7.81 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 30.7%.

Hamilton Lane Stock Up 7.2%

Shares of HLNE opened at $94.99 on Thursday. The company’s 50-day simple moving average is $90.06 and its 200-day simple moving average is $97.21. The stock has a market capitalization of $5.28 billion, a PE ratio of 14.09 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.49 and a current ratio of 3.37. Hamilton Lane has a 1 year low of $71.88 and a 1 year high of $155.66.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, November 3rd. The company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.65 by $0.33. The firm had revenue of $204.43 million during the quarter, compared to analysts’ expectations of $215.23 million. Hamilton Lane had a return on equity of 23.47% and a net margin of 32.40%. Hamilton Lane’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 EPS. Analysts forecast that Hamilton Lane will post 7.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on HLNE. UBS Group decreased their price target on shares of Hamilton Lane from $131.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Morgan Stanley set a $118.00 price objective on shares of Hamilton Lane in a research report on Friday, October 16th. BMO Capital Markets dropped their target price on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price objective on shares of Hamilton Lane in a research report on Friday, October 2nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

About Hamilton Lane

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.