Wall Street brokerages expect Gladstone Investment Co. (NASDAQ:GAIN) to report $0.18 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Gladstone Investment’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.19. Gladstone Investment reported earnings of $0.17 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The firm is scheduled to announce its next earnings results on Monday, May 21st.
According to Zacks, analysts expect that Gladstone Investment will report full year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.72 to $0.78. For the next year, analysts anticipate that the firm will report earnings of $0.78 per share, with EPS estimates ranging from $0.72 to $0.83. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $16.18 million for the quarter, compared to analyst estimates of $13.42 million. Gladstone Investment had a net margin of 87.19% and a return on equity of 7.46%.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, February 15th. Ladenburg Thalmann Financial Services upgraded shares of Gladstone Investment from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. BidaskClub lowered shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Jefferies Group increased their price objective on shares of Gladstone Investment from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, ValuEngine raised shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 4th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Gladstone Investment has a consensus rating of “Buy” and an average price target of $11.00.
Shares of Gladstone Investment (GAIN) opened at $10.41 on Tuesday. The company has a market cap of $338.60, a price-to-earnings ratio of 6.89 and a beta of 0.55. Gladstone Investment has a 52-week low of $8.45 and a 52-week high of $11.50.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 7.49%. The ex-dividend date of this dividend is Monday, March 19th. Gladstone Investment’s payout ratio is 51.66%.
In related news, Director Walter H. Wilkinson acquired 5,730 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were acquired at an average cost of $10.84 per share, with a total value of $62,113.20. Following the completion of the acquisition, the director now directly owns 14,416 shares in the company, valued at approximately $156,269.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Gladstone Investment by 0.4% during the second quarter. Royal Bank of Canada now owns 24,110 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 106 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Gladstone Investment by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock worth $176,000 after buying an additional 148 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Gladstone Investment by 2.6% in the second quarter. Wells Fargo & Company MN now owns 41,031 shares of the investment management company’s stock worth $386,000 after buying an additional 1,048 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in shares of Gladstone Investment by 13.1% in the third quarter. Archford Capital Strategies LLC now owns 51,779 shares of the investment management company’s stock worth $491,000 after buying an additional 6,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Gladstone Investment by 3.7% in the third quarter. Janney Montgomery Scott LLC now owns 185,444 shares of the investment management company’s stock worth $1,760,000 after buying an additional 6,583 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.
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Gladstone Investment Company Profile
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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