Gladstone Investment (NASDAQ:GAIN) Stock Passes Above 200 Day Moving Average – What’s Next?

Gladstone Investment Corporation (NASDAQ:GAIN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.69 and traded as high as $15.75. Gladstone Investment shares last traded at $15.67, with a volume of 156,723 shares.

Analysts Set New Price Targets

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

Gladstone Investment Stock Performance

The company has a market cap of $623.98 million, a P/E ratio of 3.34 and a beta of 0.78. The stock has a 50-day moving average of $15.82 and a two-hundred day moving average of $14.69.

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

Gladstone Investment Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 6.1%. Gladstone Investment’s dividend payout ratio (DPR) is presently 20.47%.

Hedge Funds Weigh In On Gladstone Investment

Hedge funds have recently bought and sold shares of the company. TrueMark Investments LLC purchased a new stake in Gladstone Investment during the 4th quarter valued at about $582,000. PFG Advisors raised its holdings in Gladstone Investment by 206.0% in the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock worth $4,264,000 after buying an additional 205,504 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Gladstone Investment in the third quarter worth about $585,000. UBS Group AG lifted its stake in shares of Gladstone Investment by 47.1% in the fourth quarter. UBS Group AG now owns 713,016 shares of the investment management company’s stock worth $9,961,000 after buying an additional 228,168 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its stake in shares of Gladstone Investment by 3.1% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 132,000 shares of the investment management company’s stock worth $1,844,000 after buying an additional 4,000 shares in the last quarter. Institutional investors 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.