Gladstone Investment (NASDAQ:GAIN) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Gladstone Investment Corporation (NASDAQ:GAIN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.52 and traded as high as $15.91. Gladstone Investment shares last traded at $15.81, with a volume of 244,724 shares trading hands.

Analyst Ratings Changes

GAIN has been the subject of several analyst reports. Zacks Research raised Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. B. Riley Financial raised Gladstone Investment from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.50 to $16.50 in a research note on Thursday, May 14th. Oppenheimer raised their price objective on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a research note on Friday, March 27th. Finally, Wall Street Zen lowered Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Trading Down 2.9%

The stock has a market capitalization of $611.27 million, a P/E ratio of 3.27 and a beta of 0.78. The stock has a 50 day moving average of $15.68 and a 200-day moving average of $14.52.

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

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 6.3%. Gladstone Investment’s payout ratio is 20.47%.

Institutional Investors Weigh In On Gladstone Investment

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Gladstone Investment during the 4th quarter valued at $26,000. International Assets Investment Management LLC bought a new stake in Gladstone Investment during the 4th quarter valued at $31,000. JPMorgan Chase & Co. raised its position in Gladstone Investment by 960.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after purchasing an additional 4,804 shares in the last quarter. Quantbot Technologies LP bought a new stake in Gladstone Investment during the 2nd quarter valued at $105,000. Finally, Bank of America Corp DE raised 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 valued at $124,000 after purchasing an additional 6,542 shares in the last quarter. 11.85% of the stock is owned by institutional investors.

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.