Hamilton Lane Inc. (HLNE) Declares $0.18 Quarterly Dividend
Hamilton Lane Inc. (NASDAQ:HLNE) announced a quarterly dividend on Tuesday, November 7th, Zacks reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.175 per share on Friday, January 5th. This represents a $0.70 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, December 14th.
Hamilton Lane (NASDAQ:HLNE) traded up $1.42 on Wednesday, hitting $30.09. The stock had a trading volume of 61,709 shares, compared to its average volume of 140,826. Hamilton Lane has a 12 month low of $17.32 and a 12 month high of $29.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.12 and a quick ratio of 1.12.
Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $51.20 million for the quarter, compared to analyst estimates of $48.64 million. Hamilton Lane’s quarterly revenue was up 5.1% compared to the same quarter last year. sell-side analysts predict that Hamilton Lane will post 1.1 EPS for the current year.
A number of equities research analysts have recently weighed in on HLNE shares. Morgan Stanley downgraded Hamilton Lane from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $25.00 to $28.00 in a report on Thursday, October 5th. Zacks Investment Research downgraded Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of Hamilton Lane in a report on Thursday, September 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.00.
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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