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

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) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Investors of record on Friday, September 19th will be given a dividend of 0.54 per share on Monday, October 6th. This represents a c) dividend on an annualized basis and a dividend 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

Shares of Hamilton Lane stock traded up $1.35 during trading on Friday, reaching $154.54. The company's stock had a trading volume of 276,636 shares, compared to its average volume of 415,028. The stock has a 50-day moving average price of $148.59 and a two-hundred day moving average price of $151.76. The company has a current ratio of 4.32, a quick ratio of 4.83 and a debt-to-equity ratio of 0.29. Hamilton Lane has a one year low of $124.10 and a one year high of $203.72. The stock has a market capitalization of $8.28 billion, a P/E ratio of 29.72 and a beta of 1.23.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) 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 analysts' expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 earnings per share. As a group, sell-side analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

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.