Hamilton Lane Inc Declares Quarterly Dividend of $0.18 (HLNE)

Hamilton Lane Inc (NASDAQ:HLNE) announced a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.175 per share on Thursday, April 5th. This represents a $0.70 annualized dividend and a yield of 1.88%. The ex-dividend date is Wednesday, March 14th.

Shares of Hamilton Lane (NASDAQ:HLNE) traded up $2.08 during midday trading on Wednesday, reaching $37.28. The company’s stock had a trading volume of 126,373 shares, compared to its average volume of 96,662. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.82. Hamilton Lane has a 52 week low of $17.32 and a 52 week high of $40.43. The company has a market capitalization of $1,760.00 and a PE ratio of -24.53.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.17. The business had revenue of $65.01 million for the quarter, compared to analysts’ expectations of $51.39 million. The business’s revenue was up 53.6% compared to the same quarter last year. equities analysts predict that Hamilton Lane will post 1.22 EPS for the current year.

Separately, Morgan Stanley boosted their target price on Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Hamilton Lane presently has a consensus rating of “Hold” and a consensus target price of $24.00.

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About Hamilton Lane

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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