Gladstone Investment (NASDAQ:GAIN) Stock Rating Lowered by Wall Street Zen

Gladstone Investment (NASDAQ:GAIN) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Zacks Research raised Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Weiss Ratings downgraded shares of Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $16.75.

Gladstone Investment Stock Down 0.8%

GAIN stock opened at $15.54 on Friday. Gladstone Investment has a twelve month low of $13.11 and a twelve month high of $17.14. The firm has a market cap of $618.80 million, a PE ratio of 3.72 and a beta of 0.76. The business has a 50 day moving average of $16.19 and a 200 day moving average of $15.80.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%.The business had revenue of $28.36 million during the quarter, compared to analysts’ expectations of $25.75 million. On average, research analysts expect that Gladstone Investment will post 1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gladstone Investment

Institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its position in Gladstone Investment by 35.8% during the second quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company’s stock valued at $12,431,000 after buying an additional 212,170 shares during the period. Confluence Investment Management LLC bought a new position in Gladstone Investment in the second quarter worth approximately $572,000. Cetera Investment Advisers raised its position in Gladstone Investment by 2.3% in the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after acquiring an additional 717 shares during the period. Independent Financial Group LLC purchased a new position in shares of Gladstone Investment during the 1st quarter worth $355,000. Finally, Greenwood Gearhart LLC purchased a new position in shares of Gladstone Investment during the 1st quarter worth $254,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

About Gladstone Investment

Gladstone Investment Corporation (NASDAQ:GAIN) is an externally managed business development company that invests in established lower-middle-market businesses in the United States. The company seeks to provide capital to privately held companies that may have limited access to traditional financing.

Gladstone Investment primarily invests through secured and unsecured debt, subordinated debt and equity securities. Its investment activities support transactions such as management buyouts, recapitalizations, acquisitions and growth initiatives.