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

Hamilton Lane Incorporated (NASDAQ:HLNE) announced a quarterly dividend on Friday, December 13th,Zacks Dividends reports. Stockholders 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 dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 16th.

Hamilton Lane has raised its dividend payment by an average of 12.7% per year over the last three years. Hamilton Lane has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hamilton Lane to earn $5.25 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 37.3%.

Hamilton Lane Price Performance

Shares of HLNE stock opened at $169.24 on Friday. The firm has a fifty day simple moving average of $184.59 and a 200-day simple moving average of $155.18. The company has a market capitalization of $9.38 billion, a PE ratio of 36.71 and a beta of 1.19. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. During the same period in the prior year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts anticipate that Hamilton Lane will post 4.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HLNE has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. UBS Group upped their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley lifted their price target on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company upped their price objective on Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $184.33.

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.