Gladstone Investment (NASDAQ:GAIN) Shares Cross Above 200-Day Moving Average – Here’s Why

Gladstone Investment Corporation (NASDAQ:GAIN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.90 and traded as high as $14.19. Gladstone Investment shares last traded at $14.15, with a volume of 371,811 shares.

Analysts Set New Price Targets

GAIN has been the subject of a number of research reports. Wall Street Zen upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Zacks Research raised Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a research note on Friday. Finally, B. Riley Financial reissued a “neutral” rating on shares of Gladstone Investment in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Gladstone Investment Trading Up 2.5%

The stock has a market capitalization of $563.45 million, a PE ratio of 4.55 and a beta of 0.82. The firm’s fifty day moving average price is $13.92 and its two-hundred day moving average price is $13.90.

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 firm had revenue of $25.06 million for the quarter, compared to analysts’ expectations of $25.83 million. As a group, sell-side analysts anticipate that Gladstone Investment Corporation will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a $0.08 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. Gladstone Investment’s dividend payout ratio is 30.87%.

Institutional Investors Weigh In On Gladstone Investment

A number of institutional investors have recently modified their holdings of GAIN. Kestra Advisory Services LLC purchased a new position in shares of Gladstone Investment in the 4th quarter valued at about $26,000. International Assets Investment Management LLC purchased a new position in Gladstone Investment during the fourth quarter worth approximately $31,000. JPMorgan Chase & Co. boosted its position in Gladstone Investment by 960.8% during the second 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. Quantbot Technologies LP acquired a new stake in Gladstone Investment in the second quarter valued at approximately $105,000. Finally, Bank of America Corp DE grew its holdings in Gladstone Investment by 272.1% in the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock valued at $124,000 after purchasing an additional 6,542 shares during the period. 11.85% of the stock is currently owned by institutional investors and hedge funds.

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.