Hamilton Lane Inc. (NASDAQ:HLNE) Plans Quarterly Dividend of $0.18
Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.175 per share on Monday, October 2nd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, September 14th.
Hamilton Lane (NASDAQ:HLNE) traded up 1.77% during trading on Tuesday, hitting $22.48. The stock had a trading volume of 229,577 shares. The firm has a 50 day moving average of $22.05 and a 200-day moving average of $20.14. The company has a market cap of $433.10 million and a P/E ratio of 749.33. Hamilton Lane has a one year low of $17.32 and a one year high of $24.00.
Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, August 8th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The company had revenue of $52.70 million for the quarter, compared to analyst estimates of $50.69 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. Equities analysts anticipate that Hamilton Lane will post $1.03 earnings per share for the current fiscal year.
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Several research analysts recently commented on the company. Zacks Investment Research cut Hamilton Lane from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Morgan Stanley reissued an “overweight” rating and set a $23.00 target price (down from $24.00) on shares of Hamilton Lane in a research note on Monday, July 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $21.00 target price on shares of Hamilton Lane in a research note on Friday, April 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Hamilton Lane currently has an average rating of “Hold” and an average target price of $21.80.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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