Shares of Gladstone Investment Co. (NASDAQ:GAIN) have been assigned a consensus broker rating score of 3.00 (Hold) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. Five analysts have rated the stock with a hold recommendation. Gladstone Investment’s rating score has declined by 15.4% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 12 month consensus price objective of $10.33 for the company and are forecasting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Gladstone Investment an industry rank of 207 out of 265 based on the ratings given to related companies.

Several equities analysts have recently weighed in on GAIN shares. Zacks Investment Research raised Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, January 4th. Jefferies Group boosted their target price on Gladstone Investment from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Wedbush downgraded Gladstone Investment from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $10.50 to $11.00 in a research report on Monday, November 20th. Finally, ValuEngine raised Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st.

Gladstone Investment (NASDAQ:GAIN) traded up $0.08 during midday trading on Tuesday, hitting $11.29. The stock had a trading volume of 164,800 shares, compared to its average volume of 193,633. The company has a market cap of $367.22, a P/E ratio of 8.36 and a beta of 0.74. Gladstone Investment has a 52-week low of $8.45 and a 52-week high of $11.50.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 6.91%. The ex-dividend date is Monday, March 19th. Gladstone Investment’s dividend payout ratio (DPR) is presently 57.78%.

In other Gladstone Investment news, Director Walter H. Wilkinson acquired 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 transaction, the director now directly owns 14,416 shares of the company’s stock, valued at approximately $156,269.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GAIN. Legal & General Group Plc grew its position in Gladstone Investment by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 80,258 shares of the investment management company’s stock valued at $754,000 after acquiring an additional 8,415 shares during the last quarter. LSV Asset Management grew its position in Gladstone Investment by 1.1% in the 2nd quarter. LSV Asset Management now owns 501,916 shares of the investment management company’s stock valued at $4,718,000 after acquiring an additional 5,417 shares during the last quarter. Wells Fargo & Company MN grew its position in Gladstone Investment by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 41,031 shares of the investment management company’s stock valued at $386,000 after acquiring an additional 1,048 shares during the last quarter. Van ECK Associates Corp grew its position in Gladstone Investment by 21.3% in the 2nd quarter. Van ECK Associates Corp now owns 280,855 shares of the investment management company’s stock valued at $2,640,000 after acquiring an additional 49,373 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Gladstone Investment by 72.6% in the 2nd quarter. GSA Capital Partners LLP now owns 242,700 shares of the investment management company’s stock valued at $2,281,000 after acquiring an additional 102,100 shares during the last quarter. 17.36% of the stock is currently owned by institutional investors.

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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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