Hamilton Lane Inc. (NASDAQ:HLNE) Plans Dividend Increase – $0.60 Per Share

Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Thursday, June 18th will be paid a dividend of 0.60 per share on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, June 18th. This is a 11.1% increase from Hamilton Lane’s previous quarterly dividend of $0.54.

Hamilton Lane has raised its dividend payment by an average of 0.1%per year 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% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $6.39 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 33.8%.

Hamilton Lane Trading Up 4.1%

Shares of HLNE opened at $88.59 on Friday. The stock has a fifty day moving average price of $95.54 and a two-hundred day moving average price of $117.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.27 and a current ratio of 3.27. Hamilton Lane has a 52-week low of $82.68 and a 52-week high of $179.19. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 15.90 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The firm had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. During the same quarter in the previous year, the company posted $1.21 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Analysts predict that Hamilton Lane will post 5.84 EPS for the current fiscal year.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.