Hamilton Lane Inc. (HLNE) To Go Ex-Dividend on June 20th

Hamilton Lane Inc. (NASDAQ:HLNE) announced a quarterly dividend on Tuesday, June 17th, Wall Street Journal reports. Shareholders 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 yield of 1.59%. The ex-dividend date of this dividend is Friday, June 20th. This is a 10.2% increase from Hamilton Lane’s previous quarterly dividend of $0.49.

Hamilton Lane has a dividend payout ratio of 37.4% meaning 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 Stock Performance

Shares of HLNE opened at $135.91 on Wednesday. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. The firm has a market cap of $7.28 billion, a PE ratio of 25.22 and a beta of 1.25. Hamilton Lane has a 12 month low of $115.08 and a 12 month high of $203.72. The stock has a fifty day moving average price of $153.54 and a 200-day moving average price of $154.08.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The company had revenue of $197.97 million during the quarter, compared to analysts’ expectations of $165.49 million. Hamilton Lane had a return on equity of 32.94% and a net margin of 30.50%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $1.38 earnings per share. Equities research analysts predict that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Oppenheimer lowered shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, May 15th. Wall Street Zen downgraded Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Wells Fargo & Company decreased their target price on Hamilton Lane from $166.00 to $161.00 and set an “equal weight” rating for the company in a report on Friday, May 30th. Morgan Stanley decreased their price objective on shares of Hamilton Lane from $190.00 to $157.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. dropped their target price on Hamilton Lane from $176.00 to $167.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $164.29.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds have recently made changes to their positions in HLNE. Geneos Wealth Management Inc. grew its stake in Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after acquiring an additional 254 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Hamilton Lane by 4,806.7% during the 1st quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock worth $759,000 after purchasing an additional 4,999 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of 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 purchasing an additional 2,948 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Company Profile

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.