Hamilton Lane Incorporated (HLNE) To Go Ex-Dividend on March 14th

Hamilton Lane Incorporated (NASDAQ:HLNE) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.49 per share on Friday, April 4th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th.

Hamilton Lane has raised its dividend payment by an average of 12.0% per year over the last three years. Hamilton Lane has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hamilton Lane to earn $5.17 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 37.9%.

Hamilton Lane Trading Down 2.0 %

NASDAQ:HLNE opened at $166.83 on Friday. Hamilton Lane has a 12 month low of $103.42 and a 12 month high of $203.72. The firm has a fifty day simple moving average of $159.55 and a 200-day simple moving average of $162.83. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $9.25 billion, a P/E ratio of 36.19 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the previous year, the business earned $0.71 EPS. Hamilton Lane’s revenue for the quarter was up 34.3% compared to the same quarter last year. On average, equities research analysts anticipate that Hamilton Lane will post 4.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HLNE shares. Morgan Stanley lifted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday. Wells Fargo & Company increased their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $173.14.

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.