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

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) 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 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, March 14th.

Hamilton Lane has increased its dividend payment by an average of 12.0% per year over the last three years. Hamilton Lane has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hamilton Lane to earn $5.14 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 38.1%.

Hamilton Lane Trading Up 0.2 %

HLNE stock traded up $0.36 during trading on Friday, hitting $167.19. 445,072 shares of the company traded hands, compared to its average volume of 419,488. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.37 and a current ratio of 4.19. The company has a 50-day moving average of $159.05 and a 200-day moving average of $163.31. The firm has a market capitalization of $9.27 billion, a PE ratio of 30.85 and a beta of 1.25. Hamilton Lane has a 1 year low of $103.42 and a 1 year high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business's quarterly revenue was up 34.3% compared to the same quarter last year. Analysts predict that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday. The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a report on Monday, January 6th. Wells Fargo & Company boosted their target price on Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, UBS Group raised their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. One investment 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. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of "Hold" and a consensus target price 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.