Gladstone Investment Corporation (NASDAQ:GAIN) Receives Consensus Rating of “Hold” from Analysts

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) have been assigned an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Several equities research analysts have issued reports on GAIN shares. Zacks Research downgraded Gladstone Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Wall Street Zen downgraded shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd.

Gladstone Investment Price Performance

GAIN opened at $13.92 on Friday. Gladstone Investment has a 12 month low of $11.42 and a 12 month high of $15.34. The business has a 50-day moving average of $13.90 and a two-hundred day moving average of $13.95. The stock has a market capitalization of $551.93 million, a price-to-earnings ratio of 5.57 and a beta of 0.84.

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

Gladstone Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 6.9%. Gladstone Investment’s dividend payout ratio is 38.40%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GAIN. Melia Wealth LLC increased its stake in Gladstone Investment by 5.7% during the 3rd quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock valued at $16,551,000 after buying an additional 64,564 shares during the period. Van ECK Associates Corp increased its stake in shares of Gladstone Investment by 2.2% during the third quarter. Van ECK Associates Corp now owns 854,730 shares of the investment management company’s stock valued at $11,812,000 after acquiring an additional 18,089 shares during the period. UBS Group AG raised its holdings in Gladstone Investment by 89.6% during the third quarter. UBS Group AG now owns 484,848 shares of the investment management company’s stock worth $6,701,000 after purchasing an additional 229,192 shares in the last quarter. PFG Advisors boosted its stake in Gladstone Investment by 206.0% during the 4th quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after purchasing an additional 205,504 shares in the last quarter. Finally, Outfitter Financial LLC increased its position in shares of Gladstone Investment by 0.6% during the 2nd quarter. Outfitter Financial LLC now owns 202,295 shares of the investment management company’s stock valued at $2,887,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 11.85% of the company’s stock.

About Gladstone Investment

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.