A number of other equities analysts also recently issued reports on GAIN. Zacks Investment Research raised Golub Capital BDC from a hold rating to a buy rating and set a $20.00 price target on the stock in a research report on Tuesday. LADENBURG THALM/SH SH restated a buy rating and issued a $1.25 price objective on shares of Arch Therapeutics in a research note on Wednesday, May 15th. Finally, ValuEngine upgraded Xylem from a hold rating to a buy rating in a research note on Friday, June 21st.
NASDAQ:GAIN opened at $11.16 on Wednesday. The firm’s fifty day moving average is $11.35. Gladstone Investment has a fifty-two week low of $8.70 and a fifty-two week high of $12.70. The stock has a market cap of $369.25 million, a price-to-earnings ratio of 14.61 and a beta of 0.85.
Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Monday, May 13th. The investment management company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Gladstone Investment had a return on equity of 6.37% and a net margin of 136.75%. The company had revenue of $16.10 million for the quarter, compared to analyst estimates of $13.93 million. On average, equities analysts forecast that Gladstone Investment will post 0.81 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 22nd will be given a dividend of $0.068 per share. This represents a $0.82 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend is Friday, July 19th. Gladstone Investment’s dividend payout ratio is currently 106.49%.
Several institutional investors have recently bought and sold shares of GAIN. Advisor Group Inc. increased its position in shares of Gladstone Investment by 40.2% in the fourth quarter. Advisor Group Inc. now owns 11,521 shares of the investment management company’s stock valued at $107,000 after buying an additional 3,306 shares in the last quarter. Bessemer Group Inc. bought a new position in Gladstone Investment during the fourth quarter valued at about $125,000. Global Strategic Management Inc. bought a new position in Gladstone Investment during the fourth quarter valued at about $1,258,000. Legal & General Group Plc grew its position in Gladstone Investment by 16.4% during the fourth quarter. Legal & General Group Plc now owns 148,377 shares of the investment management company’s stock valued at $1,384,000 after buying an additional 20,863 shares during the period. Finally, PFG Advisors bought a new position in Gladstone Investment during the fourth quarter valued at about $2,424,000. Institutional investors and hedge funds own 12.24% of the company’s stock.
Gladstone Investment Company Profile
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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