Gladstone Investment (NASDAQ:GAIN – Get Free Report) released its quarterly earnings results on Thursday. The investment management company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04, Zacks reports. Gladstone Investment had a net margin of 158.95% and a return on equity of 6.02%. The business had revenue of $28.36 million for the quarter, compared to analyst estimates of $25.75 million.
Here are the key takeaways from Gladstone Investment’s conference call:
- Quorum was not achieved: Proxies represented 17,534,069 shares, or 44.03% of the 39,821,967 outstanding shares, which was below the required threshold.
- The company could not conduct the planned stockholder business or take action because insufficient shares were represented at the meeting.
- The annual meeting was adjourned and will reconvene virtually on September 4, 2026, at 11:00 a.m.
Gladstone Investment Trading Down 1.6%
NASDAQ GAIN traded down $0.27 on Friday, hitting $16.59. 544,778 shares of the company’s stock were exchanged, compared to its average volume of 191,800. The stock has a 50-day moving average of $15.83 and a 200-day moving average of $15.14. The stock has a market cap of $660.61 million, a price-to-earnings ratio of 18.23 and a beta of 0.77. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14.
Gladstone Investment Dividend Announcement
Wall Street Analyst Weigh In
GAIN has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Gladstone Investment from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 3rd. Oppenheimer lifted their price target on shares of Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, B. Riley Financial raised Gladstone Investment from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.50 to $16.50 in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.75.
Get Our Latest Stock Analysis on Gladstone Investment
Hedge Funds Weigh In On Gladstone Investment
A number of institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its position in shares of Gladstone Investment by 5.6% during the 4th quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock worth $286,000 after buying an additional 1,084 shares during the last quarter. Abel Hall LLC bought a new position in Gladstone Investment in the fourth quarter valued at about $140,000. Osaic Holdings Inc. raised its stake in Gladstone Investment by 395.5% during the fourth quarter. Osaic Holdings Inc. now owns 88,410 shares of the investment management company’s stock worth $1,235,000 after acquiring an additional 70,566 shares in the last quarter. Royal Bank of Canada raised its stake in Gladstone Investment by 4.7% during the fourth quarter. Royal Bank of Canada now owns 66,229 shares of the investment management company’s stock worth $926,000 after acquiring an additional 3,002 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Gladstone Investment in the fourth quarter worth about $26,000. Institutional investors and hedge funds own 11.85% of the company’s stock.
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.
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