Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on May 20th

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, April 14th. Stockholders of record on Wednesday, May 20th will be paid a dividend of 0.08 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Wednesday, May 20th.

Gladstone Investment has increased its dividend payment by an average of 0.1%per year over the last three years. Gladstone Investment has a dividend payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Gladstone Investment to earn $0.92 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 104.3%.

Gladstone Investment Price Performance

Shares of GAIN stock opened at $16.41 on Monday. Gladstone Investment has a 1 year low of $13.11 and a 1 year high of $17.14. The firm has a fifty day moving average price of $15.10 and a 200-day moving average price of $14.31. The company has a market cap of $653.45 million, a price-to-earnings ratio of 3.50 and a beta of 0.81.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The firm had revenue of $25.19 million during the quarter, compared to analysts’ expectations of $25.80 million. Equities research analysts expect that Gladstone Investment will post 0.91 EPS for the current year.

Analyst Ratings Changes

GAIN has been the topic of a number of analyst reports. B. Riley Financial raised Gladstone Investment from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.50 to $16.50 in a research note on Thursday. Oppenheimer increased their price objective on shares of Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday. Wall Street Zen cut shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.75.

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.