Zacks: Gladstone Investment Corp. (GAIN) Given $8.75 Average Price Target by Brokerages
Gladstone Investment Corp. (NASDAQ:GAIN) has earned an average broker rating score of 3.00 (Hold) from the four brokers that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold rating.
Analysts have set a 12 month consensus price target of $8.75 for the company and are anticipating that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Gladstone Investment Corp. an industry rank of 206 out of 265 based on the ratings given to its competitors.
Several research firms have commented on GAIN. Zacks Investment Research upgraded Gladstone Investment Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 11th. Jefferies Group reissued a “hold” rating on shares of Gladstone Investment Corp. in a research note on Friday, August 5th.
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In other news, COO Terry Lee Brubaker sold 49,414 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $8.73, for a total value of $431,384.22. Following the completion of the sale, the chief operating officer now owns 232,598 shares of the company’s stock, valued at $2,030,580.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. UBS Group AG boosted its stake in shares of Gladstone Investment Corp. by 2.9% in the first quarter. UBS Group AG now owns 549,901 shares of the investment management company’s stock valued at $3,860,000 after buying an additional 15,355 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Gladstone Investment Corp. by 91.5% in the second quarter. Janney Montgomery Scott LLC now owns 292,462 shares of the investment management company’s stock valued at $2,161,000 after buying an additional 139,765 shares in the last quarter. Algert Global LLC acquired a new stake in Gladstone Investment Corp. during the third quarter valued at approximately $1,157,000. Royal Bank of Canada boosted its stake in Gladstone Investment Corp. by 1.3% in the first quarter. Royal Bank of Canada now owns 17,451 shares of the investment management company’s stock valued at $123,000 after buying an additional 222 shares in the last quarter. Finally, KCG Holdings Inc. boosted its stake in Gladstone Investment Corp. by 12.1% in the second quarter. KCG Holdings Inc. now owns 23,400 shares of the investment management company’s stock valued at $168,000 after buying an additional 2,521 shares in the last quarter. 15.37% of the stock is owned by institutional investors.
Gladstone Investment Corp. (NASDAQ:GAIN) traded up 2.4745% during midday trading on Tuesday, reaching $8.8333. The company’s stock had a trading volume of 85,252 shares. The firm has a 50 day moving average of $8.92 and a 200 day moving average of $7.76. Gladstone Investment Corp. has a 52-week low of $6.40 and a 52-week high of $9.30.
Gladstone Investment Corp. (NASDAQ:GAIN) last posted its earnings results on Monday, August 1st. The investment management company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Gladstone Investment Corp. had a return on equity of 8.04% and a net margin of 77.56%. Equities research analysts expect that Gladstone Investment Corp. will post $0.78 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 21st will be paid a $0.0625 dividend. The ex-dividend date is Wednesday, October 19th. This represents a $0.75 annualized dividend and a dividend yield of 8.70%. Gladstone Investment Corp.’s payout ratio is 54.74%.
Gladstone Investment Corp. Company Profile
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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