Hamilton Lane Inc. (NASDAQ:HLNE) Shares to Pay Quarterly Dividend of $0.60

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 2.7%. The ex-dividend date of this dividend is Monday, December 21st.

Hamilton Lane has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 8 years. Hamilton Lane has a payout ratio of 41.6% meaning 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 Trading Up 0.9%

Shares of NASDAQ:HLNE opened at $88.63 on Wednesday. The business’s fifty day simple moving average is $90.30 and its 200-day simple moving average is $97.50. Hamilton Lane has a 12-month low of $71.88 and a 12-month high of $155.66. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.92 billion, a PE ratio of 13.51 and a beta of 1.16.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.33. The company had revenue of $204.43 million during the quarter, compared to the consensus estimate of $215.23 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. Hamilton Lane’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $1.54 earnings per share. As a group, equities research analysts predict that Hamilton Lane will post 7.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

HLNE has been the topic of several research analyst reports. Wells Fargo & Company assumed coverage on shares of Hamilton Lane in a research report on Friday, October 2nd. They set an “overweight” rating and a $103.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $117.00 price target on shares of Hamilton Lane in a report on Friday, October 2nd. UBS Group dropped their price objective on shares of Hamilton Lane from $131.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. BMO Capital Markets cut their target price on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. Finally, Morgan Stanley set a $118.00 target price on Hamilton Lane in a research note on Friday, October 16th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.62.

Hamilton Lane Company Profile

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.