Gladstone Investment Corporation (NASDAQ:GAIN) Receives $13.50 Average Target Price from Brokerages

Gladstone Investment Corporation (NASDAQ:GAIN) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.50.

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Wednesday, October 8th.

Gladstone Investment Stock Up 0.6%

Shares of GAIN opened at $14.03 on Wednesday. The business’s 50-day moving average price is $14.00 and its 200-day moving average price is $14.01. Gladstone Investment has a twelve month low of $11.42 and a twelve month high of $15.34. The stock has a market cap of $536.23 million, a PE ratio of 6.47 and a beta of 0.93.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, August 12th. The investment management company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $23.54 million for the quarter, compared to analysts’ expectations of $23.87 million. Gladstone Investment had a return on equity of 7.33% and a net margin of 83.78%. Analysts expect that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Monday, December 22nd. Gladstone Investment’s dividend payout ratio is 44.24%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GAIN. Farther Finance Advisors LLC bought a new position in shares of Gladstone Investment in the first quarter worth approximately $71,000. Cornerstone Wealth Management LLC boosted its stake in Gladstone Investment by 15.6% in the first quarter. Cornerstone Wealth Management LLC now owns 11,828 shares of the investment management company’s stock worth $158,000 after buying an additional 1,600 shares in the last quarter. Realta Investment Advisors purchased a new stake in Gladstone Investment in the first quarter worth approximately $134,000. Legacy Capital Wealth Partners LLC boosted its stake in Gladstone Investment by 11.8% in the first quarter. Legacy Capital Wealth Partners LLC now owns 106,088 shares of the investment management company’s stock worth $1,417,000 after buying an additional 11,232 shares in the last quarter. Finally, Hardy Reed LLC purchased a new stake in Gladstone Investment in the first quarter worth approximately $136,000. 11.85% of the stock is currently owned by institutional investors.

About Gladstone Investment

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.