Hamilton Lane Incorporated (NASDAQ:HLNE) Plans $0.45 Quarterly Dividend

Hamilton Lane Incorporated (NASDAQ:HLNEGet Free Report) declared a quarterly dividend on Tuesday, February 6th, Zacks reports. Shareholders of record on Friday, March 15th will be given a dividend of 0.445 per share on Thursday, April 4th. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, March 14th.

Hamilton Lane has raised its dividend by an average of 12.7% per year over the last three years and has raised its dividend every year for the last 6 years. Hamilton Lane has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hamilton Lane to earn $4.44 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 40.1%.

Hamilton Lane Trading Up 1.6 %

HLNE stock opened at $114.12 on Thursday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.25. Hamilton Lane has a twelve month low of $62.47 and a twelve month high of $121.06. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 35.11 and a beta of 1.23. The firm’s fifty day simple moving average is $111.19 and its two-hundred day simple moving average is $97.25.

Hamilton Lane (NASDAQ:HLNEGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.17). The company had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $130.47 million. Hamilton Lane had a return on equity of 28.32% and a net margin of 25.22%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. As a group, analysts anticipate that Hamilton Lane will post 3.71 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Hamilton Lane by 13.8% during the 1st quarter. Wellington Management Group LLP now owns 4,119,730 shares of the company’s stock worth $318,414,000 after purchasing an additional 498,381 shares during the last quarter. BlackRock Inc. boosted its position in shares of Hamilton Lane by 7.2% during the 2nd quarter. BlackRock Inc. now owns 3,101,085 shares of the company’s stock valued at $248,025,000 after acquiring an additional 209,371 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,028,084 shares of the company’s stock valued at $234,040,000 after acquiring an additional 18,567 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Hamilton Lane by 2.4% during the 1st quarter. Macquarie Group Ltd. now owns 1,188,658 shares of the company’s stock valued at $87,937,000 after acquiring an additional 27,978 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Hamilton Lane by 2.8% during the 1st quarter. Invesco Ltd. now owns 1,117,166 shares of the company’s stock valued at $86,345,000 after acquiring an additional 30,563 shares during the last quarter. Institutional investors and hedge funds own 67.13% of the company’s stock.

Analysts Set New Price Targets

HLNE has been the topic of several recent analyst reports. Oppenheimer downgraded shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their target price on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $102.33.

View Our Latest Stock Report on Hamilton Lane

About Hamilton Lane

(Get Free Report)

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.

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Dividend History for Hamilton Lane (NASDAQ:HLNE)

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