ValuEngine Upgrades Gladstone Investment Corporation (GAIN) to Strong-Buy
Gladstone Investment Corporation (NASDAQ:GAIN) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
Several other equities analysts also recently weighed in on GAIN. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Gladstone Investment Corporation in a research note on Wednesday, August 16th. BidaskClub downgraded Gladstone Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research raised Gladstone Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $10.00.
Gladstone Investment Corporation (NASDAQ GAIN) traded up $0.29 during midday trading on Friday, reaching $10.55. The company had a trading volume of 303,617 shares, compared to its average volume of 205,865. The stock has a market capitalization of $339.90 million, a PE ratio of 15.15 and a beta of 0.71.
Gladstone Investment Corporation (NASDAQ:GAIN) last issued its earnings results on Wednesday, November 1st. The investment management company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million. Gladstone Investment Corporation had a return on equity of 6.95% and a net margin of 80.07%. analysts anticipate that Gladstone Investment Corporation will post 0.7 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAIN. Wells Fargo & Company MN increased its stake in Gladstone Investment Corporation by 7.3% in the 1st quarter. Wells Fargo & Company MN now owns 39,983 shares of the investment management company’s stock valued at $363,000 after purchasing an additional 2,731 shares in the last quarter. Legal & General Group Plc increased its stake in Gladstone Investment Corporation by 10.6% in the 1st quarter. Legal & General Group Plc now owns 71,843 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 6,884 shares in the last quarter. KCG Holdings Inc. purchased a new position in Gladstone Investment Corporation in the 1st quarter valued at approximately $407,000. Goldman Sachs Group Inc. increased its stake in Gladstone Investment Corporation by 10.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 39,927 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 3,867 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Gladstone Investment Corporation in the 2nd quarter valued at approximately $3,422,000. 18.04% of the stock is owned by hedge funds and other institutional investors.
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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