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

Hamilton Lane Incorporated (NASDAQ:HLNE) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.49 per share on Tuesday, January 7th. This represents a $1.96 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, December 16th.

Hamilton Lane has increased its dividend payment by an average of 12.7% annually over the last three years. Hamilton Lane has a payout ratio of 36.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $5.18 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 37.8%.

Hamilton Lane Stock Down 1.6 %

NASDAQ:HLNE traded down $3.12 during trading hours on Thursday, reaching $189.51. 5,941 shares of the stock were exchanged, compared to its average volume of 314,893. Hamilton Lane has a twelve month low of $86.20 and a twelve month high of $196.60. The stock has a market cap of $10.27 billion, a PE ratio of 44.28 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a 50 day moving average of $167.61 and a 200 day moving average of $141.67.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. During the same quarter in the prior year, the business posted $0.89 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. On average, equities analysts expect that Hamilton Lane will post 4.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. UBS Group increased their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their price objective on Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group increased their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $160.50.

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.