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

Hamilton Lane Incorporated (NASDAQ:HLNE) declared 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 1.15%. The ex-dividend date of this dividend is Friday, March 14th.

Hamilton Lane has increased 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 research 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 Stock Up 5.4 %

HLNE opened at $170.18 on Thursday. The company has a fifty day moving average price of $160.06 and a 200-day moving average price of $162.80. The firm has a market capitalization of $9.43 billion, a P/E ratio of 36.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HLNE. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Hamilton Lane has an average 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.