Analysts expect Gladstone Investment Co. (NASDAQ:GAIN) to post earnings per share of $0.18 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Gladstone Investment’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.17. Gladstone Investment posted earnings of $0.17 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The firm is scheduled to announce its next earnings report on Monday, May 21st.
According to Zacks, analysts expect that Gladstone Investment will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.78. For the next financial year, analysts expect that the business will report earnings of $0.78 per share, with EPS estimates ranging from $0.72 to $0.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, February 6th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Gladstone Investment had a return on equity of 7.46% and a net margin of 87.19%. The company had revenue of $16.18 million for the quarter, compared to the consensus estimate of $13.42 million.
GAIN has been the subject of several research reports. ValuEngine upgraded Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, February 15th. Wedbush upgraded Gladstone Investment from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $9.56 to $11.00 in a research report on Tuesday, March 6th. BidaskClub lowered Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Ladenburg Thalmann upgraded Gladstone Investment from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $10.67.
In other news, President David A. R. Dullum bought 5,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was bought at an average price of $9.56 per share, for a total transaction of $47,800.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in GAIN. Yellowstone Partners LLC acquired a new position in Gladstone Investment during the 3rd quarter valued at approximately $162,000. Stockman Wealth Management Inc. acquired a new position in Gladstone Investment during the 4th quarter valued at approximately $269,000. JPMorgan Chase & Co. boosted its position in Gladstone Investment by 9,371.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,308 shares of the investment management company’s stock valued at $286,000 after purchasing an additional 29,988 shares during the period. Archford Capital Strategies LLC boosted its position in Gladstone Investment by 13.1% during the 3rd quarter. Archford Capital Strategies LLC now owns 51,779 shares of the investment management company’s stock valued at $491,000 after purchasing an additional 6,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Gladstone Investment during the 4th quarter valued at approximately $678,000. Institutional investors and hedge funds own 16.64% of the company’s stock.
Shares of GAIN traded up $0.09 during mid-day trading on Thursday, hitting $10.97. The stock had a trading volume of 196,854 shares, compared to its average volume of 210,031. The firm has a market cap of $344.13, a price-to-earnings ratio of 14.82 and a beta of 0.53. Gladstone Investment has a fifty-two week low of $9.00 and a fifty-two week high of $11.50.
The company also recently announced a special dividend, which will be paid on Friday, June 15th. Stockholders of record on Wednesday, June 6th will be given a $0.06 dividend. The ex-dividend date is Tuesday, June 5th. This represents a dividend yield of 7.69%. Gladstone Investment’s payout ratio is 105.41%.
About Gladstone Investment
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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