Gladstone Investment Corporation (NASDAQ:GAIN) was downgraded by Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Monday, MarketBeat Ratings reports. They presently have a $11.00 price objective on the investment management company’s stock, up from their previous price objective of $10.50. Wedbush’s price target would indicate a potential upside of 2.42% from the company’s previous close.

A number of other analysts also recently issued reports on GAIN. BidaskClub downgraded shares of Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Gladstone Investment Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Gladstone Investment Corporation in a research report on Wednesday, August 16th. Finally, ValuEngine downgraded shares of Gladstone Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Gladstone Investment Corporation has an average rating of “Hold” and an average target price of $11.00.

Gladstone Investment Corporation (GAIN) traded down $0.41 on Monday, reaching $10.74. 423,976 shares of the company were exchanged, compared to its average volume of 168,270. The firm has a market cap of $362.67, a P/E ratio of 16.16 and a beta of 0.73. Gladstone Investment Corporation has a 12-month low of $7.95 and a 12-month high of $11.17.

Gladstone Investment Corporation (NASDAQ:GAIN) last posted its earnings results on Wednesday, November 1st. The investment management company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million. Gladstone Investment Corporation had a net margin of 80.07% and a return on equity of 6.95%. equities analysts predict that Gladstone Investment Corporation will post 0.71 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of GAIN. Legal & General Group Plc grew its position in Gladstone Investment Corporation by 10.6% in the first quarter. Legal & General Group Plc now owns 71,843 shares of the investment management company’s stock valued at $651,000 after acquiring an additional 6,884 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Gladstone Investment Corporation by 10.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 39,927 shares of the investment management company’s stock valued at $362,000 after buying an additional 3,867 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Gladstone Investment Corporation during the 2nd quarter valued at approximately $3,422,000. Janney Montgomery Scott LLC boosted its stake in shares of Gladstone Investment Corporation by 6.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 178,861 shares of the investment management company’s stock valued at $1,681,000 after buying an additional 10,100 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Gladstone Investment Corporation by 19.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,614 shares of the investment management company’s stock valued at $137,000 after buying an additional 2,382 shares during the last quarter. 17.68% of the stock is owned by 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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