Hamilton Lane Inc. (HLNE) to Issue Quarterly Dividend of $0.60 on July 7th

Hamilton Lane Inc. (NASDAQ:HLNEGet Free Report) announced a quarterly dividend on Thursday, May 21st. Investors 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 2.9%. The ex-dividend date of this dividend is Thursday, June 18th. This is a 11.1% increase from Hamilton Lane’s previous quarterly dividend of $0.54.

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. Equities analysts expect Hamilton Lane to earn $7.53 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 31.9%.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $81.99 on Tuesday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 13.87 and a beta of 1.15. Hamilton Lane has a 1-year low of $75.93 and a 1-year high of $161.13. The firm has a 50 day simple moving average of $90.69 and a 200-day simple moving average of $112.82.

Hamilton Lane (NASDAQ:HLNEGet Free Report) last posted its earnings results on Thursday, May 21st. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. The company had revenue of $193.57 million during the quarter, compared to analysts’ expectations of $203.05 million. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Equities analysts expect that Hamilton Lane will post 6.33 earnings per share for the current fiscal year.

Hamilton Lane announced that its board has authorized a stock buyback plan on Thursday, May 21st that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

About Hamilton Lane

(Get Free Report)

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.

See Also

Dividend History for Hamilton Lane (NASDAQ:HLNE)

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