Hamilton Lane Inc. (HLNE) To Go Ex-Dividend on September 21st

Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Monday, September 21st will be paid a dividend of 0.60 per share on Tuesday, October 6th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, September 21st.

Hamilton Lane has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Hamilton Lane has a dividend payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $7.86 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 30.5%.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $87.74 on Friday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 13.38 and a beta of 1.19. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $96.28 and its 200-day moving average price is $92.88. Hamilton Lane has a 12 month low of $71.88 and a 12 month high of $155.66.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The business had revenue of $275.33 million during the quarter, compared to analyst estimates of $221.94 million. During the same quarter last year, the business earned $1.47 EPS. The firm’s quarterly revenue was up 56.5% on a year-over-year basis. Equities research analysts forecast that Hamilton Lane will post 7.25 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Weiss Ratings upgraded Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Morgan Stanley lowered their price objective on Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Zacks Research raised shares of Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Oppenheimer lowered their target price on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Hamilton Lane currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.57.

About Hamilton Lane

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company provides investment solutions and advisory services across private equity, private credit, venture capital, infrastructure, real estate and other alternative investment strategies.

Its offerings include customized separate accounts, commingled funds, specialized funds and direct investment programs. Hamilton Lane also provides portfolio management, investment monitoring, due diligence, asset allocation and related advisory services to institutional investors, financial intermediaries and private wealth clients.

Founded in 1991, Hamilton Lane serves clients internationally through operations spanning North America, Europe, Asia-Pacific and the Middle East.