Gladstone Investment (NASDAQ:GAIN) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Gladstone Investment Corporation (NASDAQ:GAIN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.42 and traded as high as $16.14. Gladstone Investment shares last traded at $15.85, with a volume of 248,210 shares.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Oppenheimer increased their price objective on shares of Gladstone Investment from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a report on Friday, March 27th. B. Riley Financial upgraded shares of Gladstone Investment from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.50 to $16.50 in a report on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Gladstone Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Stock Down 0.3%

The company’s fifty day moving average is $15.44 and its 200 day moving average is $14.42. The stock has a market cap of $631.15 million, a PE ratio of 3.38 and a beta of 0.81.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gladstone Investment had a net margin of 186.47% and a return on equity of 6.05%. The business had revenue of $25.19 million during the quarter, compared to analysts’ expectations of $25.80 million. Equities analysts expect that Gladstone Investment Corporation will post 0.91 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 6.1%. Gladstone Investment’s dividend payout ratio (DPR) is 20.47%.

Institutional Trading of Gladstone Investment

Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its position in Gladstone Investment by 2.3% in the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 717 shares in the last quarter. Greenwood Gearhart LLC acquired a new stake in Gladstone Investment in the first quarter valued at approximately $254,000. Independent Financial Group LLC acquired a new stake in Gladstone Investment in the first quarter valued at approximately $355,000. NewEdge Advisors LLC grew its position in Gladstone Investment by 5.6% in the fourth quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Abel Hall LLC acquired a new stake in Gladstone Investment in the fourth quarter valued at approximately $140,000. Institutional investors and hedge funds own 11.85% of the company’s stock.

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.