Gladstone Investment (NASDAQ:GAIN – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Monday, Wall Street Zen reports.
GAIN has been the topic of several other research reports. Weiss Ratings downgraded Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Zacks Research upgraded Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $16.75.
Read Our Latest Report on Gladstone Investment
Gladstone Investment Stock Performance
Gladstone Investment (NASDAQ:GAIN – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $28.36 million during the quarter, compared to analyst estimates of $25.75 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. Analysts forecast that Gladstone Investment will post 1.00 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Gladstone Investment by 35.8% in the second quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company’s stock worth $12,431,000 after buying an additional 212,170 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Gladstone Investment during the 2nd quarter valued at approximately $572,000. Cetera Investment Advisers grew its holdings in Gladstone Investment by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock valued at $449,000 after buying an additional 717 shares in the last quarter. Independent Financial Group LLC purchased a new position in Gladstone Investment during the 1st quarter valued at approximately $355,000. Finally, Greenwood Gearhart LLC purchased a new position in Gladstone Investment during the 1st quarter valued at approximately $254,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.
Gladstone Investment Company Profile
Gladstone Investment Corporation (NASDAQ:GAIN) is an externally managed business development company that invests in established lower-middle-market businesses in the United States. The company seeks to provide capital to privately held companies that may have limited access to traditional financing.
Gladstone Investment primarily invests through secured and unsecured debt, subordinated debt and equity securities. Its investment activities support transactions such as management buyouts, recapitalizations, acquisitions and growth initiatives.
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