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 paid a dividend of 0.2125 per share on Thursday, October 4th. This represents a $0.85 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, September 13th.

Hamilton Lane has a payout ratio of 51.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hamilton Lane to earn $2.07 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 41.1%.

Shares of HLNE stock opened at $48.92 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.19 and a quick ratio of 2.19. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 1.95 and a beta of 0.93. Hamilton Lane has a 12-month low of $22.75 and a 12-month high of $54.59.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Hamilton Lane had a net margin of 8.14% and a return on equity of 63.94%. The firm had revenue of $63.36 million during the quarter, compared to the consensus estimate of $57.15 million. sell-side analysts anticipate that Hamilton Lane will post 1.66 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Morgan Stanley lifted their price target 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. JPMorgan Chase & Co. lifted their price target 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. Finally, ValuEngine upgraded shares of Hamilton Lane from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price 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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Dividend History for Hamilton Lane (NASDAQ:HLNE)

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