$0.18 EPS Expected for Gladstone Investment Co. (GAIN) This Quarter
Analysts expect Gladstone Investment Co. (NASDAQ:GAIN) to report earnings per share (EPS) of $0.18 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Gladstone Investment’s earnings. Gladstone Investment reported earnings per share of $0.17 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, February 6th.
According to Zacks, analysts expect that Gladstone Investment will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.70 to $0.72. For the next fiscal year, analysts forecast that the firm will post earnings of $0.75 per share, with EPS estimates ranging from $0.70 to $0.78. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $13.13 million during the quarter, compared to analyst estimates of $12.22 million. Gladstone Investment had a net margin of 103.57% and a return on equity of 16.74%.
Shares of Gladstone Investment (NASDAQ:GAIN) opened at $11.27 on Wednesday. The stock has a market cap of $366.57, a price-to-earnings ratio of 8.35 and a beta of 0.74. Gladstone Investment has a one year low of $8.45 and a one year high of $11.50.
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.78 annualized dividend and a dividend yield of 6.92%. Gladstone Investment’s payout ratio is currently 57.78%.
In other news, Director Walter H. Wilkinson acquired 5,730 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average cost of $10.84 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Archford Capital Strategies LLC raised its holdings in shares of Gladstone Investment by 13.1% in the third quarter. Archford Capital Strategies LLC now owns 51,779 shares of the investment management company’s stock valued at $491,000 after acquiring an additional 6,000 shares in the last quarter. Yellowstone Partners LLC bought a new stake in shares of Gladstone Investment in the third quarter valued at about $162,000. Janney Montgomery Scott LLC raised its holdings in shares of Gladstone Investment by 3.7% in the third quarter. Janney Montgomery Scott LLC now owns 185,444 shares of the investment management company’s stock valued at $1,760,000 after acquiring an additional 6,583 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Gladstone Investment by 4.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 358,542 shares of the investment management company’s stock valued at $3,403,000 after acquiring an additional 13,932 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Gladstone Investment by 9,371.3% in the third quarter. JPMorgan Chase & Co. now owns 30,308 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 29,988 shares in the last quarter. Hedge funds and other institutional investors own 17.36% 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.
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