GAIN has been the topic of a number of other reports. Zacks Investment Research raised Gladstone Investment from a sell rating to a hold rating in a research report on Wednesday, July 15th. BidaskClub lowered Gladstone Investment from a hold rating to a sell rating in a research report on Thursday, July 9th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $12.50.
NASDAQ:GAIN opened at $9.21 on Wednesday. The business’s 50-day moving average is $10.14 and its two-hundred day moving average is $10.86. Gladstone Investment has a 12 month low of $6.43 and a 12 month high of $15.34. The firm has a market capitalization of $305.86 million, a PE ratio of -23.02 and a beta of 1.48.
Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Tuesday, May 12th. The investment management company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Gladstone Investment had a positive return on equity of 5.82% and a negative net margin of 23.93%. The business had revenue of $11.98 million for the quarter, compared to analysts’ expectations of $14.44 million. On average, research analysts predict that Gladstone Investment will post 0.77 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 9.12%. Gladstone Investment’s dividend payout ratio (DPR) is 93.33%.
Large investors have recently bought and sold shares of the stock. Sofos Investments Inc. grew its stake in Gladstone Investment by 41.8% in the fourth quarter. Sofos Investments Inc. now owns 3,826 shares of the investment management company’s stock worth $51,000 after purchasing an additional 1,128 shares in the last quarter. Stelac Advisory Services LLC acquired a new position in Gladstone Investment in the second quarter worth about $114,000. Jane Street Group LLC acquired a new position in Gladstone Investment in the first quarter worth about $92,000. Keebeck Alpha LP acquired a new position in Gladstone Investment in the first quarter worth about $129,000. Finally, Tudor Investment Corp Et Al acquired a new position in Gladstone Investment in the first quarter worth about $134,000. Institutional investors and hedge funds own 14.72% of the company’s stock.
Gladstone Investment Company Profile
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.
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