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

Hamilton Lane Incorporated (NASDAQ:HLNE) announced 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 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 payout ratio of 36.0% 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 Trading Down 1.6 %

Shares of HLNE stock traded down $3.12 during mid-day trading on Thursday, reaching $189.51. 5,941 shares of the stock traded hands, compared to its average volume of 314,893. Hamilton Lane has a 1-year low of $86.20 and a 1-year high of $196.60. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 44.28 and a beta of 1.18. The stock’s fifty day simple moving average is $167.61 and its two-hundred day simple moving average is $141.67.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts anticipate that Hamilton Lane will post 4.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on HLNE. Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Morgan Stanley raised their price objective on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price objective on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.