Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Stockholders of record on Tuesday, March 20th will be paid a dividend of 0.065 per share by the investment management company on Friday, March 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date of this dividend is Monday, March 19th.

Shares of Gladstone Investment (NASDAQ GAIN) traded up $0.03 during trading on Wednesday, hitting $11.20. The stock had a trading volume of 181,600 shares, compared to its average volume of 211,183. Gladstone Investment has a 1-year low of $8.45 and a 1-year high of $11.50. The firm has a market capitalization of $361.37, a P/E ratio of 8.30 and a beta of 0.74.

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

A number of brokerages have recently commented on GAIN. Zacks Investment Research downgraded Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Gladstone Investment from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Wedbush downgraded Gladstone Investment from an “outperform” rating to a “neutral” rating and upped their price target for the company from $10.50 to $11.00 in a report on Monday, November 20th. Finally, Jefferies Group upped their price target on Gladstone Investment from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $11.00.

In other Gladstone Investment news, Director Walter H. Wilkinson purchased 5,730 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average cost of $10.84 per share, with a total value of $62,113.20. Following the completion of the acquisition, the director now directly owns 14,416 shares of the company’s stock, valued at approximately $156,269.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.40% of the company’s stock.

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Gladstone Investment 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.

Dividend History for Gladstone Investment (NASDAQ:GAIN)

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