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

Gladstone Investment Corporation (NASDAQ:GAIN) has received an average recommendation of “Hold” from the five ratings firms that are covering the stock, 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. B. Riley Financial reiterated a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Zacks Research raised shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. Finally, Wall Street Zen raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th.

Institutional Investors Weigh In On Gladstone Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in shares of Gladstone Investment in the fourth quarter worth about $26,000. International Assets Investment Management LLC bought a new stake in Gladstone Investment during the 4th quarter valued at approximately $31,000. Allworth Financial LP raised its stake 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. JPMorgan Chase & Co. lifted its holdings in Gladstone Investment by 960.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after purchasing an additional 4,804 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Gladstone Investment in the 2nd quarter worth approximately $105,000. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Stock Performance

NASDAQ GAIN opened at $14.46 on Friday. The business’s fifty day moving average is $13.90 and its 200 day moving average is $13.90. Gladstone Investment has a fifty-two week low of $11.42 and a fifty-two week high of $15.34. The company has a market capitalization of $575.80 million, a PE ratio of 4.65 and a beta of 0.82.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, February 3rd. The investment management company reported $0.21 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 company had revenue of $25.06 million during the quarter, compared to analysts’ expectations of $25.83 million. On average, sell-side analysts forecast that Gladstone Investment will post 0.96 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a yield of 6.6%. Gladstone Investment’s dividend payout ratio is currently 30.87%.

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.