Hamilton Lane Inc (NASDAQ:HLNE) announced a quarterly dividend on Wednesday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, September 14th will be given a dividend of 0.2125 per share on Thursday, October 4th. This represents a $0.85 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, September 13th.
Hamilton Lane has a dividend payout ratio of 52.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.85 annual dividend with an expected future payout ratio of 39.7%.
Hamilton Lane traded up $1.73, reaching $46.74, during trading on Wednesday, according to Marketbeat.com. The company’s stock had a trading volume of 169,740 shares, compared to its average volume of 172,540. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2.33 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.95 and a beta of 1.12. Hamilton Lane has a 12 month low of $21.36 and a 12 month high of $54.59.
Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. The firm had revenue of $63.36 million during the quarter, compared to the consensus estimate of $57.15 million. Hamilton Lane had a net margin of 7.11% and a return on equity of 78.74%. equities analysts expect that Hamilton Lane will post 1.63 EPS for the current year.
Several brokerages have recently commented on HLNE. Zacks Investment Research upgraded shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Thursday, May 3rd. Morgan Stanley boosted their target price on shares of Hamilton Lane from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, June 11th. ValuEngine upgraded shares of Hamilton Lane from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hamilton Lane from $41.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, June 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.75.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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