Gladstone Investment Corporation (NASDAQ:GAIN) Given Average Rating of “Hold” by Brokerages

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

GAIN has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd. B. Riley Financial reaffirmed a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Zacks Research lowered shares of Gladstone Investment from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Saturday, February 7th.

Gladstone Investment Price Performance

Shares of GAIN stock opened at $13.82 on Tuesday. Gladstone Investment has a 12-month low of $11.42 and a 12-month high of $15.34. The firm has a market capitalization of $550.31 million, a price-to-earnings ratio of 4.44 and a beta of 0.84. The business has a 50 day simple moving average of $13.89 and a 200 day simple moving average of $13.94.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%.The business had revenue of $25.06 million for the quarter, compared to analyst estimates of $25.83 million. On average, equities analysts anticipate that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Investment’s payout ratio is currently 30.87%.

Institutional Investors Weigh In On Gladstone Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of Gladstone Investment by 6.8% during the 1st quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company’s stock valued at $1,010,000 after purchasing an additional 4,826 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Gladstone Investment by 6.2% during the first quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 1,150 shares during the last quarter. Jane Street Group LLC bought a new stake in Gladstone Investment during the first quarter worth approximately $302,000. Focus Partners Wealth acquired a new position in Gladstone Investment in the first quarter worth approximately $261,000. Finally, First Horizon Advisors Inc. bought a new position in shares of Gladstone Investment in the second quarter valued at $32,000. 11.85% of the stock is currently owned by institutional investors.

Gladstone Investment Company Profile

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.