Hamilton Lane Inc. (HLNE) To Go Ex-Dividend on March 20th

Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Friday, March 20th will be paid a dividend of 0.54 per share on Monday, April 6th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, March 20th.

Hamilton Lane has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Hamilton Lane has a payout ratio of 37.4% indicating that 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 Price Performance

HLNE opened at $100.56 on Wednesday. The firm has a market cap of $5.61 billion, a PE ratio of 18.05 and a beta of 1.32. The stock has a 50-day moving average price of $126.84 and a 200-day moving average price of $129.87. Hamilton Lane has a 1 year low of $92.77 and a 1 year high of $179.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.27. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm had revenue of $198.59 million for the quarter, compared to the consensus estimate of $195.36 million. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The business’s revenue was up 18.0% on a year-over-year basis. Sell-side analysts predict that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.