Gladstone Investment Co. (NASDAQ:GAIN) – Stock analysts at Jefferies Group raised their FY2018 EPS estimates for Gladstone Investment in a research report issued to clients and investors on Wednesday. Jefferies Group analyst K. Joseph now expects that the investment management company will post earnings of $0.77 per share for the year, up from their prior forecast of $0.72. Jefferies Group has a “Hold” rating and a $10.00 price target on the stock. Jefferies Group also issued estimates for Gladstone Investment’s Q3 2019 earnings at $0.19 EPS.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $16.18 million for the quarter, compared to analysts’ expectations of $13.42 million. Gladstone Investment had a return on equity of 7.58% and a net margin of 87.19%.
Gladstone Investment (NASDAQ:GAIN) traded down $0.02 during trading hours on Thursday, reaching $10.40. The company’s stock had a trading volume of 164,409 shares, compared to its average volume of 279,433. The company has a market capitalization of $305.75, a PE ratio of 6.84 and a beta of 0.54. Gladstone Investment has a twelve month low of $8.45 and a twelve month high of $11.50.
The company also recently declared a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date of this dividend is Monday, March 19th. Gladstone Investment’s dividend payout ratio is 51.32%.
In other news, Director Walter H. Wilkinson purchased 5,730 shares of the company’s stock in a transaction dated 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 approximately $156,269.44. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in GAIN. Doyle Wealth Management purchased a new stake in shares of Gladstone Investment during the 3rd quarter worth $113,000. Tudor Investment Corp ET AL increased its position in Gladstone Investment by 10.7% during the second quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock worth $112,000 after acquiring an additional 1,152 shares during the period. Yellowstone Partners LLC bought a new position in Gladstone Investment during the third quarter worth $162,000. Parametric Portfolio Associates LLC increased its position in Gladstone Investment by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock worth $176,000 after acquiring an additional 148 shares during the period. Finally, Wedbush Securities Inc. bought a new position in Gladstone Investment during the third quarter worth $226,000. 17.09% of the stock is currently owned by institutional investors and hedge funds.
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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