Gladstone Investment Corporation (NASDAQ:GAIN) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Gladstone Investment Corporation (NASDAQ:GAIN – Get Free Report) has been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.83.

GAIN has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, October 12th. Zacks Research cut shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Weiss Ratings downgraded shares of Gladstone Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Finally, LADENBURG THALM/SH SH raised shares of Gladstone Investment from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday.

View Our Latest Stock Analysis on GAIN

Gladstone Investment Stock Down 0.5%

GAIN stock opened at $15.01 on Wednesday. The business has a 50 day moving average price of $15.49 and a two-hundred day moving average price of $15.36. The company has a market cap of $597.70 million, a price-to-earnings ratio of 3.89 and a beta of 0.72. Gladstone Investment has a twelve month low of $13.11 and a twelve month high of $17.14.

Gladstone Investment (NASDAQ:GAIN – Get Free Report) last released its quarterly earnings data on Monday, November 9th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.08). Gladstone Investment had a net margin of 149.34% and a return on equity of 5.34%. The business had revenue of $24.16 million during the quarter, compared to the consensus estimate of $25.92 million. On average, equities research analysts anticipate that Gladstone Investment will post 1.00 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $0.96 annualized dividend and a dividend yield of 6.4%. Gladstone Investment’s payout ratio is currently 22.97%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Gladstone Investment in the second quarter valued at about $123,000. Greenwood Gearhart LLC bought a new stake in Gladstone Investment in the first quarter valued at approximately $254,000. Private Advisor Group LLC increased its position in Gladstone Investment by 25.1% during the 3rd quarter. Private Advisor Group LLC now owns 17,074 shares of the investment management company’s stock valued at $266,000 after purchasing an additional 3,422 shares during the period. Independent Financial Group LLC acquired a new stake in Gladstone Investment during the 1st quarter valued at approximately $355,000. Finally, Cetera Investment Advisers increased its position 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 purchasing an additional 717 shares during the period. 11.85% of the stock is owned by institutional investors.

About Gladstone Investment

(Get Free Report)

Gladstone Investment Corporation is a publicly traded business development company that provides debt and equity capital to established lower middle-market businesses in the United States. The company invests in connection with management buyouts, acquisitions, recapitalizations and growth initiatives. Its investments may include secured loans and ownership stakes, allowing Gladstone Investment to support portfolio companies with both financing and equity capital. The company typically seeks businesses with established operations and opportunities for continued development.

Featured Stories

Analyst Recommendations for Gladstone Investment (NASDAQ:GAIN)

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.