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

Hamilton Lane Incorporated (NASDAQ:HLNE) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Friday, March 14th will be paid 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 1.17%. The ex-dividend date of this dividend 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. 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 Performance

NASDAQ:HLNE opened at $166.83 on Friday. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 36.19 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. Hamilton Lane has a 52-week low of $103.42 and a 52-week high of $203.72. The firm’s 50-day moving average is $159.55 and its 200-day moving average is $162.83.

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, topping 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 company had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same period in the prior year, the business earned $0.71 earnings per share. Hamilton Lane’s quarterly revenue was up 34.3% on a year-over-year basis. Equities research analysts anticipate that Hamilton Lane will post 4.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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