Gladstone Investment Corporation (NASDAQ:GAIN) Receives Consensus Recommendation of “Hold” from Brokerages

Gladstone Investment Corporation (NASDAQ:GAIN) has been given an average recommendation of “Hold” by the five research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Several research analysts have weighed in on GAIN shares. Zacks Research lowered shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Wall Street Zen lowered shares of Gladstone Investment from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd.

Gladstone Investment Stock Up 0.7%

NASDAQ:GAIN opened at $13.93 on Friday. Gladstone Investment has a 52 week low of $11.42 and a 52 week high of $15.34. The stock’s fifty day moving average is $13.91 and its two-hundred day moving average is $13.95. The company has a market capitalization of $552.32 million, a P/E ratio of 5.57 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Tuesday, November 4th. The investment management company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $25.28 million during the quarter, compared to analysts’ expectations of $24.58 million. Gladstone Investment had a return on equity of 7.12% and a net margin of 94.99%. Sell-side analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, March 23rd. Gladstone Investment’s payout ratio is currently 38.40%.

Institutional Trading of Gladstone Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new position in shares of Gladstone Investment in the second quarter valued at approximately $32,000. Allworth Financial LP lifted its holdings in Gladstone Investment by 38,592.3% during the 2nd quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock worth $72,000 after buying an additional 5,017 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Gladstone Investment by 960.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after buying an additional 4,804 shares during the period. Quantbot Technologies LP purchased a new position in Gladstone Investment in the 2nd quarter valued at approximately $105,000. Finally, Bank of America Corp DE increased its position in shares of Gladstone Investment by 272.1% during the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock worth $124,000 after acquiring an additional 6,542 shares during the period. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Investment Company Profile

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.