Gladstone Investment (NASDAQ:GAIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

GAIN has been the topic of a number of other research reports. Weiss Ratings cut shares of Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 1st. Zacks Research upgraded Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $16.75.

Gladstone Investment Price Performance

GAIN opened at $15.71 on Friday. The firm has a market cap of $625.57 million, a PE ratio of 3.76 and a beta of 0.77. The stock has a 50-day moving average price of $16.25 and a 200-day moving average price of $15.74. Gladstone Investment has a 1 year low of $13.11 and a 1 year high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Thursday, August 6th. The investment management company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $28.36 million for the quarter, compared to the consensus estimate of $25.75 million. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. As a group, sell-side analysts anticipate that Gladstone Investment will post 1 EPS for the current year.

Gladstone Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.08 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.1%. Gladstone Investment’s payout ratio is currently 22.97%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in Gladstone Investment in the 2nd quarter worth approximately $123,000. Van ECK Associates Corp lifted its holdings in shares of Gladstone Investment by 35.8% during the 2nd 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 shares of Gladstone Investment during the 2nd quarter valued at $572,000. Cetera Investment Advisers boosted its stake in shares of Gladstone Investment by 2.3% in the 1st quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after buying an additional 717 shares during the last quarter. Finally, Greenwood Gearhart LLC purchased a new position in shares of Gladstone Investment in the 1st quarter worth $254,000. Institutional investors own 11.85% of the company’s stock.

Gladstone Investment Company Profile

Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that provides financing and equity capital to established lower middle-market businesses in the United States. The company invests in companies across a range of industries and generally seeks businesses with stable operations, experienced management teams and opportunities for growth or operational improvement.

Gladstone Investment’s activities include originating and investing in secured debt, subordinated debt and equity securities.