Hamilton Lane Incorporated (NASDAQ:HLNE – Get Free Report) 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.
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.
Read Our Latest Stock Analysis on HLNE
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.
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