Gladstone Investment Corporation (NASDAQ:GAIN) Receives Consensus Rating of “Hold” from Brokerages

Gladstone Investment Corporation (NASDAQ:GAIN) has earned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of equities research analysts recently weighed in on GAIN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. Wall Street Zen downgraded Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Zacks Research cut Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th.

Hedge Funds Weigh In On Gladstone Investment

Several institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in Gladstone Investment in the 2nd quarter valued at about $32,000. Allworth Financial LP increased its stake in shares of Gladstone Investment by 38,592.3% in the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock valued at $72,000 after purchasing an additional 5,017 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 4,804 shares during the period. Quantbot Technologies LP bought a new stake in shares of Gladstone Investment during the second quarter valued at approximately $105,000. Finally, Bank of America Corp DE boosted its position in shares of Gladstone Investment by 272.1% during the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock worth $124,000 after buying an additional 6,542 shares during the period. Institutional investors own 11.85% of the company’s stock.

Gladstone Investment Trading Down 0.5%

GAIN stock opened at $13.89 on Friday. The stock’s 50 day simple moving average is $13.89 and its 200 day simple moving average is $13.96. Gladstone Investment has a 12-month low of $11.42 and a 12-month high of $15.34. The firm has a market cap of $550.74 million, a P/E ratio of 5.56 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, November 4th. The investment management company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $25.28 million during the quarter, compared to the consensus estimate of $24.58 million. Gladstone Investment had a net margin of 94.99% and a return on equity of 7.12%. On average, research analysts forecast that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Monday, March 23rd. Gladstone Investment’s dividend payout ratio (DPR) is presently 38.40%.

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.