Hamilton Lane Inc. Announces Quarterly Dividend of $0.54 (NASDAQ:HLNE)

Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Tuesday, November 4th. Stockholders of record on Friday, December 19th will be given a dividend of 0.54 per share on Wednesday, January 7th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, December 19th.

Hamilton Lane has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 years. Hamilton Lane has a payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $5.14 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 42.0%.

Hamilton Lane Stock Performance

Hamilton Lane stock traded up $7.34 during midday trading on Tuesday, reaching $122.27. The stock had a trading volume of 927,451 shares, compared to its average volume of 539,096. The firm has a market capitalization of $6.81 billion, a PE ratio of 23.51 and a beta of 1.20. Hamilton Lane has a 12 month low of $111.98 and a 12 month high of $203.72. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $134.63 and its 200 day moving average price is $146.52.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.46. The firm had revenue of $190.88 million during the quarter, compared to analyst estimates of $171.86 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. As a group, research analysts predict that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.