Gladstone Investment (NASDAQ:GAIN) Reaches New 1-Year High – Time to Buy?

Gladstone Investment Corporation (NASDAQ:GAIN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.00 and last traded at $16.99, with a volume of 207500 shares traded. The stock had previously closed at $16.83.

Analyst Ratings Changes

GAIN has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. B. Riley Financial restated a “neutral” rating on shares of Gladstone Investment in a research report on Monday, February 9th. Finally, Zacks Research upgraded shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Gladstone Investment Stock Performance

The firm’s 50-day moving average price is $14.61 and its 200 day moving average price is $14.15. The company has a market cap of $676.94 million, a price-to-earnings ratio of 5.47 and a beta of 0.81.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, February 3rd. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%.The business had revenue of $25.06 million for the quarter, compared to analyst estimates of $25.83 million. As a group, equities research analysts predict that Gladstone Investment Corporation will post 0.9 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given 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 5.6%. Gladstone Investment’s payout ratio is currently 30.87%.

Institutional Investors Weigh In On Gladstone Investment

Several institutional investors have recently modified their holdings of GAIN. UBS Group AG grew its position in shares of Gladstone Investment by 89.6% during the 3rd quarter. UBS Group AG now owns 484,848 shares of the investment management company’s stock worth $6,701,000 after buying an additional 229,192 shares during the period. PFG Advisors grew its position in shares of Gladstone Investment by 206.0% during the 4th quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock worth $4,264,000 after buying an additional 205,504 shares during the period. Osaic Holdings Inc. grew its position in shares of Gladstone Investment by 395.5% during the 4th quarter. Osaic Holdings Inc. now owns 88,410 shares of the investment management company’s stock worth $1,235,000 after buying an additional 70,566 shares during the period. Melia Wealth LLC grew its position in shares of Gladstone Investment by 5.7% during the 3rd quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock worth $16,551,000 after buying an additional 64,564 shares during the period. Finally, Invesco Ltd. acquired a new stake in shares of Gladstone Investment during the 2nd quarter worth approximately $735,000. 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.