Gladstone Investment (NASDAQ:GAIN – Get Free Report) announced its quarterly earnings results on Monday. The investment management company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08), FiscalAI reports. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. The business had revenue of $24.16 million for the quarter, compared to analysts’ expectations of $25.92 million.
Gladstone Investment Trading Up 1.5%
NASDAQ GAIN traded up $0.23 during trading hours on Monday, reaching $15.09. 193,649 shares of the company traded hands, compared to its average volume of 250,007. Gladstone Investment has a 12 month low of $13.11 and a 12 month high of $17.14. The stock has a market capitalization of $600.91 million, a PE ratio of 3.61 and a beta of 0.72. The company has a 50 day moving average of $15.55 and a two-hundred day moving average of $15.35.
Gladstone Investment Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $0.96 annualized dividend and a yield of 6.4%. Gladstone Investment’s dividend payout ratio is currently 22.97%.
Analyst Ratings Changes
Several research firms have commented on GAIN. Weiss Ratings lowered Gladstone Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Zacks Research lowered Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Gladstone Investment currently has a consensus rating of “Moderate Buy” and an average price target of $16.75.
Read Our Latest Research Report on GAIN
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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