Hamilton Lane Incorporated (NASDAQ:HLNE) to Issue Quarterly Dividend of $0.54

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) declared a quarterly dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Friday, June 20th will be paid a dividend of 0.54 per share on Monday, July 7th. This represents a $2.16 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, June 20th. This is a 10.2% increase from Hamilton Lane's previous quarterly dividend of $0.49.

Hamilton Lane has increased its dividend by an average of 12.0% 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. 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 Stock Up 0.4%

HLNE traded up $0.55 on Tuesday, hitting $149.51. The company had a trading volume of 505,319 shares, compared to its average volume of 456,688. The stock has a fifty day moving average price of $152.65 and a 200-day moving average price of $157.58. Hamilton Lane has a 12-month low of $114.85 and a 12-month high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 27.58 and a beta of 1.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company had revenue of $197.97 million for the quarter, compared to analyst estimates of $165.49 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Analysts predict that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HLNE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price target on Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating on the stock in a research note on Monday. Wells Fargo & Company dropped their price target on Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating on the stock in a research note on Friday. JPMorgan Chase & Co. dropped their price target on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley dropped their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $164.29.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HLNE. Jones Financial Companies Lllp lifted its holdings in Hamilton Lane by 4,806.7% in the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company's stock valued at $759,000 after acquiring an additional 4,999 shares during the period. Royal Bank of Canada lifted its holdings in Hamilton Lane by 6.0% in the first quarter. Royal Bank of Canada now owns 52,466 shares of the company's stock valued at $7,800,000 after acquiring an additional 2,948 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock valued at $57,000 after acquiring an additional 254 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

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.