Gladstone Investment Corporation (GAIN) Scheduled to Post Earnings on Tuesday
Gladstone Investment Corporation (NASDAQ:GAIN) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Gladstone Investment Corporation to post earnings of $0.17 per share for the quarter.
Gladstone Investment Corporation (NASDAQ:GAIN) last released its earnings results on Tuesday, August 1st. The investment management company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Gladstone Investment Corporation had a return on equity of 6.95% and a net margin of 55.52%. The firm had revenue of $13.62 million for the quarter, compared to the consensus estimate of $13.01 million. On average, analysts expect Gladstone Investment Corporation to post $0.7 EPS for the current fiscal year and $0.76 EPS for the next fiscal year.
Gladstone Investment Corporation (NASDAQ GAIN) opened at 10.27 on Tuesday. Gladstone Investment Corporation has a 52-week low of $7.16 and a 52-week high of $10.37. The company has a 50 day moving average price of $9.50 and a 200 day moving average price of $9.41.
The business also recently declared a special dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a yield of 7.93%. Gladstone Investment Corporation’s dividend payout ratio (DPR) is presently 83.87%.
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A number of brokerages recently weighed in on GAIN. Zacks Investment Research cut shares of Gladstone Investment Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price target on shares of Gladstone Investment Corporation in a research report on Wednesday, August 16th. BidaskClub cut shares of Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, ValuEngine cut shares of Gladstone Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.50.
Gladstone Investment Corporation 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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