Gladstone Investment Corp. Upgraded to “Outperform” by Zacks (GAIN)
Gladstone Investment Corp. (NASDAQ:GAIN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, Analyst RN reports. The firm currently has a $8.60 price objective on the stock. Zacks‘ price target would indicate a potential upside of 6.17% from the company’s current price.
Shares of Gladstone Investment Corp. (NASDAQ:GAIN) traded up 0.37% during mid-day trading on Wednesday, hitting $8.13. The stock had a trading volume of 113,126 shares. Gladstone Investment Corp. has a 1-year low of $6.80 and a 1-year high of $8.14. The stock has a 50-day moving average of $7.7 and a 200-day moving average of $7.33.
Gladstone Investment Corp. (NASDAQ:GAIN) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.03. Analysts expect that Gladstone Investment Corp. will post $0.71 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a dividend of 0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 8.89%. The ex-dividend date is Friday, February 14th.
GAIN has been the subject of a number of other recent research reports. Analysts at Hilliard Lyons downgraded shares of Gladstone Investment Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th.
Gladstone Investment Corporation operates as a closed-end, non-diversified management investment company.
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