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

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 is Friday, March 14th.

Hamilton Lane has increased its dividend by an average of 12.0% per year over the last three years. Hamilton Lane has a dividend payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

HLNE traded up $8.59 during trading hours on Wednesday, hitting $169.99. The company’s stock had a trading volume of 520,091 shares, compared to its average volume of 413,136. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 36.87 and a beta of 1.25. The business’s 50-day moving average price is $160.49 and its 200-day moving average price is $162.75. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane has a 12 month low of $103.42 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $158.86 million. During the same period in the prior year, the company earned $0.71 EPS. The business’s revenue was up 34.3% compared to the same quarter last year. Sell-side analysts expect that Hamilton Lane will post 4.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HLNE. Wells Fargo & Company increased their price target on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, UBS Group upped their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and a consensus price target of $173.14.

About Hamilton Lane

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.