Gladstone Investment Corporation (NASDAQ:GAIN – Get Free Report) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $15.34 and traded as high as $15.61. Gladstone Investment shares last traded at $15.40, with a volume of 177,658 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, October 12th. Weiss Ratings cut Gladstone Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Finally, Zacks Research lowered shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Gladstone Investment currently has an average rating of “Moderate Buy” and a consensus price target of $16.75.
Get Our Latest Analysis on GAIN
Gladstone Investment Stock Performance
The stock has a 50-day moving average price of $15.61 and a two-hundred day moving average price of $15.34. The stock has a market capitalization of $613.23 million, a PE ratio of 3.68 and a beta of 0.72.
Gladstone Investment (NASDAQ:GAIN – Get Free Report) last announced its quarterly earnings data 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. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. The firm had revenue of $28.36 million during the quarter, compared to analysts’ expectations of $25.75 million. As a group, equities analysts predict that Gladstone Investment Corporation will post 1.00 earnings per share for the current year.
Gladstone Investment Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 21st. This represents a $0.96 dividend on an annualized basis and a yield of 6.2%. Gladstone Investment’s dividend payout ratio (DPR) is currently 22.97%.
Hedge Funds Weigh In On Gladstone Investment
Several large investors have recently made changes to their positions in GAIN. Cetera Investment Advisers grew its position in shares of Gladstone Investment by 2.3% during the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after purchasing an additional 717 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Gladstone Investment during the second quarter worth $123,000. Greenwood Gearhart LLC purchased a new position in shares of Gladstone Investment during the first quarter valued at about $254,000. Independent Financial Group LLC purchased a new position in shares of Gladstone Investment during the first quarter valued at about $355,000. Finally, Confluence Investment Management LLC bought a new stake in shares of Gladstone Investment in the second quarter worth about $572,000. 11.85% of the stock is currently owned by hedge funds and other institutional investors.
Gladstone Investment Company Profile
Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that provides financing and makes equity investments in established lower middle-market companies. The company primarily supports businesses that require capital for acquisitions, recapitalizations, buyouts, growth initiatives and other corporate purposes.
Gladstone Investment typically invests through a combination of secured loans, subordinated or mezzanine debt and equity securities. Its portfolio companies operate across a range of industries, allowing the company to pursue diversification rather than concentrate exclusively on one sector.
Founded in 2005, Gladstone Investment generally focuses on companies based in the United States.
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