Gladstone Investment (NASDAQ:GAIN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Gladstone Investment Corporation (NASDAQ:GAIN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.58 and traded as high as $15.62. Gladstone Investment shares last traded at $15.37, with a volume of 191,511 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on GAIN shares. Weiss Ratings restated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Oppenheimer lifted their price objective on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Zacks Research raised shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. B. Riley Financial upgraded shares of Gladstone Investment from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.50 to $16.50 in a report on Thursday, May 14th. Finally, Wall Street Zen downgraded 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 assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Price Performance

The stock has a 50-day moving average price of $15.80 and a 200 day moving average price of $14.58. The firm has a market cap of $612.03 million, a price-to-earnings ratio of 3.28 and a beta of 0.78.

Gladstone Investment (NASDAQ:GAIN) last released 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 analyst estimates of $25.80 million. Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%. As a group, equities research analysts predict that Gladstone Investment Corporation will post 0.91 earnings per share for the current year.

Gladstone Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 6.2%. Gladstone Investment’s dividend payout ratio (DPR) is 20.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GAIN. Melia Wealth LLC raised its stake in Gladstone Investment by 5.7% during the third quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock valued at $16,551,000 after buying an additional 64,564 shares in the last quarter. Van ECK Associates Corp increased its position in Gladstone Investment by 2.2% in the 3rd quarter. Van ECK Associates Corp now owns 854,730 shares of the investment management company’s stock valued at $11,812,000 after acquiring an additional 18,089 shares during the period. UBS Group AG increased its position in Gladstone Investment by 47.1% in the 4th quarter. UBS Group AG now owns 713,016 shares of the investment management company’s stock valued at $9,961,000 after acquiring an additional 228,168 shares during the period. PFG Advisors increased its position in Gladstone Investment by 206.0% in the 4th quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after acquiring an additional 205,504 shares during the period. Finally, Legal & General Group Plc increased its position in Gladstone Investment by 23.0% in the 4th quarter. Legal & General Group Plc now owns 273,752 shares of the investment management company’s stock valued at $3,833,000 after acquiring an additional 51,205 shares during the period. Institutional investors and hedge funds 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.