Wall Street analysts expect Gladstone Investment Co. (NASDAQ:GAIN) to post $13.42 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Gladstone Investment’s earnings. The highest sales estimate is $13.65 million and the lowest is $13.19 million. Gladstone Investment posted sales of $13.37 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.4%. 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 sales of $13.42 million for the current financial year, with estimates ranging from $53.90 million to $54.45 million. For the next year, analysts anticipate that the company will post sales of $61.76 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data 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 company had revenue of $13.13 million for the quarter, compared to analysts’ expectations of $12.22 million. Gladstone Investment had a net margin of 80.07% and a return on equity of 6.95%.
In other Gladstone Investment news, Director Walter H. Wilkinson purchased 5,730 shares of Gladstone Investment stock in a transaction on Tuesday, November 28th. The shares were acquired at an average cost of $10.84 per share, for a total transaction of $62,113.20. Following the completion of the transaction, the director now directly owns 14,416 shares of the company’s stock, valued at $156,269.44. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. grew its position in Gladstone Investment by 4.0% during 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 during the last quarter. Van ECK Associates Corp grew its position in Gladstone Investment by 21.3% during the second 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. GSA Capital Partners LLP grew its position in Gladstone Investment by 72.6% during the second 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. Janney Montgomery Scott LLC grew its position in Gladstone Investment by 3.7% during 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 during the last quarter. Finally, Legal & General Group Plc grew its position in Gladstone Investment by 14.7% during the third quarter. Legal & General Group Plc now owns 92,087 shares of the investment management company’s stock valued at $873,000 after acquiring an additional 11,829 shares during the last quarter. Institutional investors and hedge funds own 17.36% of the company’s stock.
Gladstone Investment (NASDAQ GAIN) traded down $0.03 during mid-day trading on Friday, hitting $11.18. 69,138 shares of the company traded hands, compared to its average volume of 199,998. The company has a market capitalization of $363.64, a PE ratio of 8.28 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 business also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 6.98%. The ex-dividend date is Monday, March 19th. Gladstone Investment’s dividend payout ratio (DPR) is 57.78%.
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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