Gladstone Investment (NASDAQ:GAIN) Lowered to Hold Rating by Zacks Research

Gladstone Investment (NASDAQ:GAIN) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on GAIN. Wall Street Zen cut shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Gladstone Investment Stock Up 0.7%

NASDAQ:GAIN opened at $13.98 on Tuesday. The stock has a market capitalization of $554.25 million, a PE ratio of 6.44 and a beta of 0.91. Gladstone Investment has a 52 week low of $11.42 and a 52 week high of $15.34. The stock’s 50-day moving average price is $13.92 and its 200-day moving average price is $14.09.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Tuesday, November 4th. The investment management company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $25.28 million for the quarter, compared to analyst estimates of $24.58 million. Gladstone Investment had a return on equity of 7.33% and a net margin of 83.78%. Sell-side analysts expect that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Gladstone Investment in the second quarter valued at about $23,814,000. Melia Wealth LLC boosted its holdings in Gladstone Investment by 5.7% in the 3rd quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock valued at $16,551,000 after purchasing an additional 64,564 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of Gladstone Investment during the 2nd quarter valued at approximately $735,000. Ameriflex Group Inc. acquired a new position in Gladstone Investment in the third quarter valued at approximately $585,000. Finally, Realta Investment Advisors grew its holdings in shares of Gladstone Investment by 322.3% during the 2nd quarter. Realta Investment Advisors now owns 42,227 shares of the investment management company’s stock worth $603,000 after purchasing an additional 32,227 shares during the period. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Company Profile

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.