Gladstone Investment (NASDAQ:GAIN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Gladstone Investment Corporation (NASDAQ:GAIN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.52 and traded as high as $15.91. Gladstone Investment shares last traded at $15.81, with a volume of 244,724 shares traded.

Wall Street Analyst Weigh In

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

Gladstone Investment Trading Up 1.6%

The firm has a market capitalization of $629.55 million, a PE ratio of 3.37 and a beta of 0.78. The firm’s fifty day moving average price is $15.66 and its 200 day moving average price is $14.52.

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

Gladstone Investment Announces Dividend

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

Institutional Trading of Gladstone Investment

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new stake in shares of Gladstone Investment in the fourth quarter worth about $26,000. International Assets Investment Management LLC purchased a new position in Gladstone Investment during the fourth quarter valued at approximately $31,000. JPMorgan Chase & Co. lifted its holdings in Gladstone Investment by 960.8% in the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 4,804 shares during the period. Quantbot Technologies LP acquired a new position in Gladstone Investment in the second quarter valued at approximately $105,000. Finally, Bank of America Corp DE boosted its position in Gladstone Investment by 272.1% in the 3rd quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock worth $124,000 after purchasing an additional 6,542 shares in the last quarter. Hedge funds and other institutional investors own 11.85% of the company’s stock.

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.