Gladstone Investment (NASDAQ:GAIN) Shares Gap Up – What’s Next?

Gladstone Investment Corporation (NASDAQ:GAIN)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $15.64, but opened at $16.25. Gladstone Investment shares last traded at $16.03, with a volume of 43,493 shares traded.

Wall Street Analysts Forecast Growth

GAIN has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Gladstone Investment in a research note on Friday, March 27th. B. Riley Financial raised shares of Gladstone Investment from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.50 to $16.50 in a research report on Thursday, May 14th. Wall Street Zen downgraded Gladstone Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Oppenheimer boosted their price objective on Gladstone Investment from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Gladstone Investment Price Performance

The stock has a market capitalization of $651.09 million, a price-to-earnings ratio of 3.49 and a beta of 0.78. The firm’s fifty day moving average is $15.77 and its 200-day moving average is $14.77.

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

Gladstone Investment Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 5.9%. Gladstone Investment’s dividend payout ratio is presently 20.47%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of Gladstone Investment in the 4th quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new stake in Gladstone Investment during the fourth quarter valued at $31,000. JPMorgan Chase & Co. raised its holdings in shares of Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after purchasing an additional 4,804 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Gladstone Investment during the second quarter worth $105,000. Finally, Bank of America Corp DE lifted its position in shares of 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 worth $124,000 after buying an additional 6,542 shares during the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

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.