Hamilton Lane Inc. (NASDAQ:HLNE) Declares Quarterly Dividend of $0.60

Key Points

• Hamilton Lane declared a quarterly dividend of $0.60 per share, payable January 7 to shareholders of record December 21. The annualized dividend is $2.40, yielding about 2.7%.
• The dividend appears well covered: the current payout ratio is 41.6%, and analysts project it could fall to 30.7% based on next year’s expected earnings. The company has raised its dividend for eight consecutive years.
• In its latest quarter, Hamilton Lane reported EPS of $1.98, beating estimates of $1.65, while revenue rose 7.1% year over year to $204.43 million—below analysts’ expectations.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Monday, December 21st will be paid a dividend of $0.60 per share on Thursday, January 7th. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 21st.

Hamilton Lane has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 8 years. Hamilton Lane has a payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hamilton Lane to earn $7.81 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 30.7%.

Hamilton Lane Trading Up 0.9%

HLNE stock traded up $0.79 during midday trading on Tuesday, hitting $88.63. The company had a trading volume of 797,546 shares, compared to its average volume of 770,062. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. Hamilton Lane has a 52 week low of $71.88 and a 52 week high of $155.66. The stock's 50 day moving average price is $90.63 and its 200 day moving average price is $97.80. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 13.51 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.33. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm had revenue of $204.43 million for the quarter, compared to analysts' expectations of $215.23 million. During the same quarter last year, the business earned $1.54 earnings per share. The business's revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Hamilton Lane will post 7.47 earnings per share for the current fiscal year.

About Hamilton Lane

Hamilton Lane Incorporated NASDAQ: HLNE is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.

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