Gladstone Investment Corporation (NASDAQ:GAIN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company.

GAIN has been the subject of a number of recent research reports. Wall Street Zen lowered Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research downgraded Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Gladstone Investment in a report on Wednesday, October 8th.

Institutional Trading of Gladstone Investment

Institutional investors have recently modified their holdings of the company. Realta Investment Advisors increased its stake in shares of Gladstone Investment by 322.3% during the second quarter. Realta Investment Advisors now owns 42,227 shares of the investment management company’s stock valued at $603,000 after buying an additional 32,227 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Gladstone Investment in the second quarter valued at $23,814,000. Allworth Financial LP increased its position in Gladstone Investment by 38,592.3% during the 2nd quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock valued at $72,000 after purchasing an additional 5,017 shares during the period. Geneos Wealth Management Inc. purchased a new position in Gladstone Investment during the 1st quarter valued at $113,000. Finally, Blair William & Co. IL raised its holdings in Gladstone Investment by 0.7% in the 2nd quarter. Blair William & Co. IL now owns 169,571 shares of the investment management company’s stock worth $2,420,000 after purchasing an additional 1,135 shares in the last quarter. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Investment Stock Performance

GAIN stock opened at $13.92 on Thursday. The firm has a market cap of $551.93 million, a P/E ratio of 5.57 and a beta of 0.83. The firm’s fifty day moving average is $13.85 and its 200 day moving average is $14.05. Gladstone Investment has a 52 week low of $11.42 and a 52 week high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, November 4th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Gladstone Investment had a net margin of 94.99% and a return on equity of 7.12%. The business had revenue of $25.28 million during the quarter, compared to analyst estimates of $24.58 million. As a group, analysts forecast that Gladstone Investment will post 0.96 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, December 22nd. Gladstone Investment’s dividend payout ratio (DPR) is 38.40%.

About Gladstone Investment

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.