Gladstone Investment Corporation (NASDAQ:GAIN) Given Average Recommendation of “Hold” by Analysts

Gladstone Investment Corporation (NASDAQ:GAIN) has received an average recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Several research firms have weighed in on GAIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. B. Riley Financial reaffirmed a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Finally, Zacks Research upgraded Gladstone Investment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th.

Institutional Investors Weigh In On Gladstone Investment

Several institutional investors have recently made changes to their positions in GAIN. Allworth Financial LP grew its stake in shares of Gladstone Investment by 38,592.3% in the 2nd quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock valued at $72,000 after buying an additional 5,017 shares in the last quarter. Ameriflex Group Inc. bought a new position in Gladstone Investment during the third quarter valued at approximately $585,000. Melia Wealth LLC lifted its stake in Gladstone Investment by 5.7% in the third quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock valued at $16,551,000 after acquiring an additional 64,564 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in Gladstone Investment in the second quarter valued at approximately $220,000. Finally, Legacy Capital Wealth Partners LLC grew its position in Gladstone Investment by 10.0% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 111,329 shares of the investment management company’s stock worth $1,555,000 after acquiring an additional 10,123 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Price Performance

NASDAQ:GAIN opened at $14.02 on Friday. The stock has a market cap of $558.28 million, a PE ratio of 4.51 and a beta of 0.82. Gladstone Investment has a fifty-two week low of $11.42 and a fifty-two week high of $15.34. The stock’s 50-day moving average is $13.88 and its two-hundred day moving average is $13.90.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The company had revenue of $25.06 million during the quarter, compared to analysts’ expectations of $25.83 million. Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%. On average, equities research analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current year.

Gladstone Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a $0.08 dividend. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Investment’s dividend payout ratio is presently 30.87%.

About Gladstone Investment

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.