Zacks Investment Research upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a buy rating in a report released on Monday morning, Zacks.com reports. Zacks Investment Research currently has $13.00 price target on the investment management company’s stock.
According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “
Several other brokerages also recently commented on GAIN. ValuEngine upgraded Xylem from a hold rating to a buy rating in a report on Friday, June 21st. BidaskClub upgraded Xilinx from a hold rating to a buy rating in a report on Saturday, June 29th. Finally, LADENBURG THALM/SH SH reiterated a buy rating and set a $1.25 target price on shares of Arch Therapeutics in a report on Wednesday, May 15th.
Gladstone Investment stock opened at $11.27 on Monday. The stock has a 50-day moving average price of $11.36. The stock has a market cap of $375.49 million, a P/E ratio of 14.86 and a beta of 0.85. Gladstone Investment has a 12 month low of $8.70 and a 12 month high of $12.70.
Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Monday, May 13th. The investment management company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $13.93 million. Gladstone Investment had a return on equity of 6.37% and a net margin of 136.75%. Research analysts forecast that Gladstone Investment will post 0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 22nd will be issued a dividend of $0.068 per share. The ex-dividend date is Friday, July 19th. This represents a $0.82 annualized dividend and a yield of 7.24%. Gladstone Investment’s dividend payout ratio is presently 106.49%.
A number of hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC increased its holdings in Gladstone Investment by 44.5% during the 1st quarter. Advisory Services Network LLC now owns 3,020 shares of the investment management company’s stock worth $35,000 after purchasing an additional 930 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Gladstone Investment by 4.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 34,907 shares of the investment management company’s stock worth $405,000 after purchasing an additional 1,600 shares during the last quarter. Claybrook Capital LLC purchased a new stake in Gladstone Investment during the 4th quarter worth approximately $26,000. Advisor Group Inc. increased its holdings in Gladstone Investment by 40.2% during the 4th quarter. Advisor Group Inc. now owns 11,521 shares of the investment management company’s stock worth $107,000 after purchasing an additional 3,306 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in Gladstone Investment by 24.0% during the 1st quarter. Wedbush Securities Inc. now owns 21,692 shares of the investment management company’s stock worth $252,000 after purchasing an additional 4,196 shares during the last quarter. Institutional investors own 12.24% of the company’s stock.
About Gladstone Investment
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.
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