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

Hamilton Lane Inc. (NASDAQ:HLNE) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Monday, September 21st will be given a dividend of 0.60 per share on Tuesday, October 6th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, September 21st.

Hamilton Lane has increased its dividend by an average of 0.1%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 41.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hamilton Lane to earn $7.57 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 31.7%.

Hamilton Lane Stock Up 7.1%

Shares of Hamilton Lane stock traded up $6.70 during trading hours on Tuesday, reaching $101.61. 1,346,456 shares of the company’s stock were exchanged, compared to its average volume of 834,641. The business has a fifty day moving average of $82.72 and a two-hundred day moving average of $100.08. The company has a market capitalization of $5.64 billion, a P/E ratio of 17.19 and a beta of 1.14. Hamilton Lane has a 1 year low of $71.88 and a 1 year high of $161.13.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.41. The firm had revenue of $275.33 million for the quarter, compared to the consensus estimate of $221.94 million. Hamilton Lane had a net margin of 32.83% and a return on equity of 25.98%. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. As a group, research analysts predict that Hamilton Lane will post 6.45 EPS for the current year.

Insider Buying and Selling

In other Hamilton Lane news, COO Andrea Anigati Kramer bought 1,283 shares of Hamilton Lane stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $77.46 per share, for a total transaction of $99,381.18. Following the completion of the transaction, the chief operating officer directly owned 87,350 shares of the company’s stock, valued at $6,766,131. This trade represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Hartley R. Rogers purchased 55,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $90.05 per share, for a total transaction of $4,952,750.00. Following the purchase, the chairman owned 55,000 shares in the company, valued at approximately $4,952,750. The trade was a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 95,039 shares of company stock worth $8,100,739 over the last quarter. 23.99% of the stock is currently owned by insiders.

Institutional Trading of Hamilton Lane

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in shares of Hamilton Lane by 418.8% in the 3rd quarter. Millennium Management LLC now owns 1,060,511 shares of the company’s stock valued at $142,946,000 after acquiring an additional 856,112 shares during the period. Principal Financial Group Inc. boosted its position in shares of Hamilton Lane by 148.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,085,850 shares of the company’s stock worth $145,844,000 after purchasing an additional 648,588 shares during the period. Norges Bank purchased a new position in shares of Hamilton Lane during the 4th quarter worth approximately $68,657,000. Balyasny Asset Management L.P. increased its holdings in Hamilton Lane by 117.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 756,148 shares of the company’s stock valued at $101,558,000 after purchasing an additional 409,013 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Hamilton Lane in the 4th quarter valued at approximately $48,820,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

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.