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

Hamilton Lane Incorporated (NASDAQ:HLNE) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.49 per share on Friday, October 4th. This represents a $1.96 annualized dividend and a yield of 1.45%. The ex-dividend date is Monday, September 16th.

Hamilton Lane has increased its dividend by an average of 12.7% per year over the last three years. Hamilton Lane has a dividend payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hamilton Lane to earn $5.06 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 38.7%.

Hamilton Lane Stock Up 1.6 %

HLNE stock traded up $2.19 during midday trading on Wednesday, hitting $135.46. The company’s stock had a trading volume of 21,159 shares, compared to its average volume of 269,408. The company’s fifty day moving average price is $128.39 and its 200 day moving average price is $119.28. Hamilton Lane has a twelve month low of $78.66 and a twelve month high of $146.69. The stock has a market capitalization of $7.32 billion, a P/E ratio of 36.97 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 3.02.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. The company had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. As a group, equities research analysts predict that Hamilton Lane will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

HLNE has been the subject of several research analyst reports. UBS Group lifted their target price on shares of Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 24th. JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and a consensus target price of $122.80.

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.