Hamilton Lane Inc (HLNE) to Issue Quarterly Dividend of $0.18 on January 5th

Hamilton Lane Inc (NASDAQ:HLNE) announced a quarterly dividend on Tuesday, November 7th, Zacks reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.175 per share on Friday, January 5th. This represents a $0.70 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, December 14th.

Hamilton Lane (NASDAQ:HLNE) traded down $0.28 during trading hours on Wednesday, reaching $34.52. The company’s stock had a trading volume of 89,900 shares, compared to its average volume of 167,623. Hamilton Lane has a 52 week low of $17.32 and a 52 week high of $35.24. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.82.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $48.64 million. The business’s quarterly revenue was up 5.1% on a year-over-year basis. equities research analysts forecast that Hamilton Lane will post 1.14 earnings per share for the current year.

HLNE has been the topic of several recent research reports. Zacks Investment Research upgraded Hamilton Lane from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Saturday, September 9th. Morgan Stanley boosted their target price on Hamilton Lane from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 target price on shares of Hamilton Lane in a report on Thursday, September 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.00.

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Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.

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