Gladstone Investment (NASDAQ:GAIN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Gladstone Investment Corporation (NASDAQ:GAIN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.90 and traded as high as $14.19. Gladstone Investment shares last traded at $14.15, with a volume of 371,811 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on GAIN. Weiss Ratings restated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Zacks Research upgraded shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. B. Riley Financial reissued a “neutral” rating on shares of Gladstone Investment in a report on Monday, February 9th. Finally, Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Gladstone Investment has a consensus rating of “Hold”.

Gladstone Investment Stock Performance

The company has a market cap of $571.02 million, a P/E ratio of 4.61 and a beta of 0.78. The business’s fifty day moving average is $13.94 and its two-hundred day moving average is $13.90.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, February 3rd. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $25.06 million for 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%. Analysts expect that Gladstone Investment Corporation will post 0.96 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Monday, March 23rd. Gladstone Investment’s dividend payout ratio (DPR) is presently 30.87%.

Hedge Funds Weigh In On Gladstone Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAIN. Kestra Advisory Services LLC purchased a new position in shares of Gladstone Investment in the 4th quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in Gladstone Investment during the 4th quarter worth about $31,000. JPMorgan Chase & Co. boosted its position in Gladstone Investment by 960.8% in the second 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 last quarter. Quantbot Technologies LP purchased a new stake in shares of Gladstone Investment in the 2nd quarter valued at $105,000. Finally, Bank of America Corp DE grew its position in Gladstone Investment by 272.1% during the 3rd quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock worth $124,000 after purchasing an additional 6,542 shares during the period. Hedge funds and other institutional investors own 11.85% of the company’s stock.

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.