Hamilton Lane Inc. (NASDAQ:HLNE) Declares Dividend Increase – $0.60 Per Share

Hamilton Lane Inc. (NASDAQ:HLNE) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Thursday, June 18th will be given a dividend of 0.60 per share on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 18th. This is a 11.1% increase from Hamilton Lane’s previous quarterly dividend of $0.54.

Hamilton Lane has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Hamilton Lane has a payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hamilton Lane to earn $6.39 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 33.8%.

Hamilton Lane Trading Up 4.1%

Hamilton Lane stock traded up $3.48 during trading hours on Thursday, hitting $88.59. The company had a trading volume of 1,013,312 shares, compared to its average volume of 766,844. The firm has a market cap of $4.94 billion, a P/E ratio of 15.90 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. Hamilton Lane has a 1 year low of $82.68 and a 1 year high of $179.19. The company has a 50-day moving average price of $95.86 and a two-hundred day moving average price of $118.02.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.06. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm had revenue of $193.57 million during the quarter, compared to analysts’ expectations of $203.05 million. During the same quarter in the prior year, the company earned $1.21 EPS. The company’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Hamilton Lane will post 6.22 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP raised its holdings in shares of Hamilton Lane by 15.8% in the first quarter. Wasatch Advisors LP now owns 1,751,596 shares of the company’s stock worth $174,109,000 after buying an additional 239,397 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Hamilton Lane by 7.3% in the third quarter. Invesco Ltd. now owns 1,534,836 shares of the company’s stock worth $206,880,000 after buying an additional 104,977 shares during the last quarter. Champlain Investment Partners LLC increased its stake in shares of Hamilton Lane by 33.8% in the third quarter. Champlain Investment Partners LLC now owns 1,388,380 shares of the company’s stock worth $187,140,000 after acquiring an additional 350,437 shares during the period. State Street Corp increased its stake in shares of Hamilton Lane by 1.4% in the fourth quarter. State Street Corp now owns 1,293,854 shares of the company’s stock worth $174,458,000 after acquiring an additional 18,296 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Hamilton Lane by 1.7% in the first quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock worth $109,725,000 after acquiring an additional 18,063 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

About Hamilton Lane

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.