Gladstone Investment Corporation (NASDAQ:GAIN – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.01 and traded as high as $16.46. Gladstone Investment shares last traded at $16.46, with a volume of 178,867 shares.
Analyst Upgrades and Downgrades
A number of research firms have commented on GAIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a report on Wednesday, July 15th. Wall Street Zen lowered Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Oppenheimer upped their target price on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Finally, B. Riley Financial raised Gladstone Investment from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.50 to $16.50 in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Gladstone Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.
Check Out Our Latest Report on Gladstone Investment
Gladstone Investment Trading Up 0.6%
Gladstone Investment (NASDAQ:GAIN – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The firm had revenue of $25.19 million for the quarter, compared to analyst estimates of $25.80 million. As a group, analysts forecast that Gladstone Investment Corporation will post 0.91 EPS for the current fiscal year.
Gladstone Investment Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Investment’s dividend payout ratio is 20.47%.
Institutional Trading of Gladstone Investment
Several institutional investors and hedge funds have recently bought and sold shares of GAIN. PFG Advisors boosted its stake in Gladstone Investment by 206.0% during the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock worth $4,264,000 after buying an additional 205,504 shares during the period. UBS Group AG increased its position in shares of Gladstone Investment by 47.1% during the fourth quarter. UBS Group AG now owns 713,016 shares of the investment management company’s stock valued at $9,961,000 after acquiring an additional 228,168 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its stake in shares of Gladstone Investment by 3.1% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 132,000 shares of the investment management company’s stock valued at $1,844,000 after acquiring an additional 4,000 shares during the period. Outfitters Financial LLC lifted its holdings in shares of Gladstone Investment by 1.2% in the 4th quarter. Outfitters Financial LLC now owns 204,345 shares of the investment management company’s stock worth $2,855,000 after acquiring an additional 2,450 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new position in shares of Gladstone Investment in the 2nd quarter worth approximately $572,000. 11.85% of the stock is currently owned by hedge funds and other institutional investors.
About Gladstone Investment
Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.
The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.
Featured Articles
- Five stocks we like better than Gladstone Investment
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Gladstone Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Investment and related companies with MarketBeat.com's FREE daily email newsletter.
