Hamilton Lane Inc. (HLNE) To Go Ex-Dividend on June 18th

Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Thursday, June 18th will be paid a dividend of 0.60 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, June 18th. This is a 11.1% increase from Hamilton Lane’s previous quarterly dividend of $0.54.

Hamilton Lane has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Hamilton Lane has a payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $7.80 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 30.8%.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $90.32 on Friday. The business’s 50-day moving average price is $95.39 and its two-hundred day moving average price is $117.65. Hamilton Lane has a twelve month low of $82.68 and a twelve month high of $179.19. The stock has a market cap of $5.04 billion, a P/E ratio of 15.28 and a beta of 1.18. The company has a quick ratio of 3.27, a current ratio of 3.64 and a debt-to-equity ratio of 0.19.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. The business had revenue of $193.57 million for the quarter, compared to analyst estimates of $203.05 million. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.Hamilton Lane’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. As a group, equities analysts predict that Hamilton Lane will post 6.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HLNE. JPMorgan Chase & Co. lowered their price objective on Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Oppenheimer boosted their price target on Hamilton Lane from $171.00 to $179.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley dropped their price objective on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. UBS Group dropped their price objective on Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, The Goldman Sachs Group set a $148.00 price objective on Hamilton Lane and gave the stock a “buy” rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Hamilton Lane presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.