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

Key Points

• Hamilton Lane Inc. declared a quarterly dividend of $0.54 per share, with the payment date set for October 6th for shareholders recorded by September 19th.
• The company boasts a dividend payout ratio of 37.4%, indicating that its dividend is well-supported by earnings, and analysts project it will maintain this in the coming year.
• Hamilton Lane reported a quarterly revenue increase of 12.1% year-over-year, with earnings per share for the quarter reaching $1.21, surpassing analysts' expectations.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, RTT News reports. Investors of record on Friday, September 19th will be paid a dividend of 0.54 per share on Monday, October 6th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 19th.

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 $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 $156.57 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.83 and a current ratio of 4.32. The firm has a 50-day moving average of $148.56 and a 200 day moving average of $151.76. Hamilton Lane has a fifty-two week low of $124.10 and a fifty-two week high of $203.72. The firm has a market cap of $8.38 billion, a P/E ratio of 30.11 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.33. The business had revenue of $196.73 million during the quarter, compared to analyst estimates of $166.96 million. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. Hamilton Lane's revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 EPS. On average, research analysts expect that Hamilton Lane will post 4.97 EPS for the current year.

Institutional Trading of Hamilton Lane

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. boosted its holdings in shares of Hamilton Lane by 2.4% during the 1st quarter. Summit Investment Advisors Inc. now owns 12,538 shares of the company's stock valued at $1,864,000 after purchasing an additional 293 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Hamilton Lane in the 2nd quarter worth $444,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Hamilton Lane during the 2nd quarter valued at about $2,760,000. Hussman Strategic Advisors Inc. bought a new position in shares of Hamilton Lane in the 2nd quarter valued at about $1,492,000. Finally, Versor Investments LP bought a new stake in Hamilton Lane during the second quarter worth approximately $246,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.