Gladstone Investment (NASDAQ:GAIN) Share Price Passes Above 200 Day Moving Average – Here’s Why

Gladstone Investment Corporation (NASDAQ:GAIN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.58 and traded as high as $15.62. Gladstone Investment shares last traded at $15.37, with a volume of 191,511 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on GAIN. Zacks Research upgraded Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Oppenheimer lifted their price target on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Finally, B. Riley Financial upgraded Gladstone Investment from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.50 to $16.50 in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Trading Up 0.3%

The business’s fifty day simple moving average is $15.80 and its two-hundred day simple moving average is $14.58. The stock has a market capitalization of $612.03 million, a P/E ratio of 3.28 and a beta of 0.78.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Tuesday, May 12th. The investment management company reported $0.20 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 company had revenue of $25.19 million for the quarter, compared to the consensus estimate of $25.80 million. On average, equities research analysts anticipate that Gladstone Investment Corporation will post 0.91 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Investment’s payout ratio is 20.47%.

Institutional Investors Weigh In On Gladstone Investment

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of Gladstone Investment during the fourth quarter worth about $26,000. International Assets Investment Management LLC bought a new position in shares of Gladstone Investment during the 4th quarter worth approximately $31,000. JPMorgan Chase & Co. boosted its holdings in shares of Gladstone Investment by 960.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after buying an additional 4,804 shares during the period. Quantbot Technologies LP bought a new stake in shares of Gladstone Investment during the 2nd quarter worth about $105,000. Finally, Bank of America Corp DE boosted its stake in Gladstone Investment by 272.1% in 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 during the period. 11.85% of the stock is currently owned by 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.