Gladstone Investment (NASDAQ:GAIN) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Gladstone Investment Corporation (NASDAQ:GAIN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.42 and traded as high as $16.14. Gladstone Investment shares last traded at $15.85, with a volume of 248,210 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. B. Riley Financial raised shares of Gladstone Investment from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.50 to $16.50 in a research report on Thursday, May 14th. Oppenheimer increased their price objective on shares of Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research raised shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Price Performance

The firm has a market cap of $631.15 million, a price-to-earnings ratio of 3.38 and a beta of 0.81. The business’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $14.42.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $25.19 million during the quarter, compared to analyst estimates of $25.80 million. Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%. Equities analysts predict that Gladstone Investment Corporation will post 0.91 earnings per share for the current fiscal year.

Gladstone Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Investment’s payout ratio is currently 20.47%.

Hedge Funds Weigh In On Gladstone Investment

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in Gladstone Investment in the fourth quarter worth $26,000. International Assets Investment Management LLC acquired a new position in Gladstone Investment in the fourth quarter worth $31,000. JPMorgan Chase & Co. boosted its holdings in Gladstone Investment by 960.8% in the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after purchasing an additional 4,804 shares during the period. Quantbot Technologies LP acquired a new position in Gladstone Investment in the second quarter worth $105,000. Finally, Bank of America Corp DE boosted its holdings in Gladstone Investment by 272.1% in the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock worth $124,000 after purchasing an additional 6,542 shares during the period. 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.