Equities analysts expect Gladstone Investment Co. (NASDAQ:GAIN) to post $13.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Gladstone Investment’s earnings, with the highest sales estimate coming in at $14.20 million and the lowest estimate coming in at $13.19 million. Gladstone Investment reported sales of $13.37 million during the same quarter last year, which indicates a positive year over year growth rate of 2.3%. The company is expected to issue its next earnings results on Monday, February 5th.
According to Zacks, analysts expect that Gladstone Investment will report full year sales of $13.68 million for the current financial year, with estimates ranging from $53.90 million to $54.45 million. For the next financial year, analysts anticipate that the firm will post sales of $59.63 million per share, with estimates ranging from $57.50 million to $61.76 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Wednesday, November 1st. The investment management company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $13.13 million for the quarter, compared to analysts’ expectations of $12.22 million. Gladstone Investment had a return on equity of 6.95% and a net margin of 80.07%.
Gladstone Investment (GAIN) opened at $11.39 on Friday. Gladstone Investment has a twelve month low of $8.31 and a twelve month high of $11.40. The firm has a market capitalization of $361.04, a P/E ratio of 16.09 and a beta of 0.72.
The firm also recently disclosed a special dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were issued a $0.06 dividend. This represents a yield of 7.93%. The ex-dividend date of this dividend was Monday, December 4th. Gladstone Investment’s dividend payout ratio is presently 57.78%.
In other news, Director Walter H. Wilkinson bought 5,730 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were bought at an average price of $10.84 per share, with a total value of $62,113.20. Following the completion of the transaction, the director now directly owns 14,416 shares in the company, valued at $156,269.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Doyle Wealth Management purchased a new stake in Gladstone Investment in the third quarter valued at approximately $113,000. Tudor Investment Corp ET AL raised its position in Gladstone Investment by 10.7% in the second quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 1,152 shares during the period. Yellowstone Partners LLC purchased a new stake in Gladstone Investment in the third quarter valued at approximately $162,000. Parametric Portfolio Associates LLC raised its position in Gladstone Investment by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock valued at $176,000 after purchasing an additional 148 shares during the period. Finally, Wedbush Securities Inc. purchased a new stake in Gladstone Investment in the third quarter valued at approximately $226,000. 17.58% of the stock is currently owned by institutional investors.
About Gladstone Investment
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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