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

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) dividend on an annualized basis and a dividend 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 raised its dividend annually for the last 8 consecutive years. Hamilton Lane has a payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 4.1%

Shares of NASDAQ HLNE traded up $3.48 on Thursday, reaching $88.59. 1,013,312 shares of the company’s stock traded hands, compared to its average volume of 766,844. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 15.90 and a beta of 1.18. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $95.86 and its two-hundred day simple moving average is $118.02. Hamilton Lane has a 12 month low of $82.68 and a 12 month high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The company had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. During the same quarter last year, the firm earned $1.21 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts forecast that Hamilton Lane will post 6.22 EPS for the current fiscal year.

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.