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 Tuesday . The stock has a 200-day moving average of $14.64 and traded as high as $14.94. Gladstone Investment shares last traded at $14.88, with a volume of 216,665 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on GAIN shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a research note 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. Oppenheimer lifted their price target 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. B. Riley Financial upgraded Gladstone Investment from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.50 to $16.50 in a research note on Thursday, May 14th. Finally, Wall Street Zen downgraded Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Gladstone Investment has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Stock Performance

The firm has a market capitalization of $592.52 million, a P/E ratio of 3.17 and a beta of 0.78. The stock has a 50 day moving average of $15.85 and a 200-day moving average of $14.64.

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

Gladstone Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, June 23rd. Gladstone Investment’s dividend payout ratio is presently 20.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GAIN. Melia Wealth LLC lifted its position in shares of 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 worth $16,551,000 after acquiring an additional 64,564 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Gladstone Investment by 2.2% in the third quarter. Van ECK Associates Corp now owns 854,730 shares of the investment management company’s stock worth $11,812,000 after acquiring an additional 18,089 shares during the period. UBS Group AG grew its position 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 valued at $9,961,000 after purchasing an additional 228,168 shares in the last quarter. PFG Advisors grew its position in shares of Gladstone Investment by 206.0% in the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after purchasing an additional 205,504 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Gladstone Investment by 23.0% during 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 purchasing an additional 51,205 shares during the period. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

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.