Zacks: Brokerages Anticipate Gladstone Investment Co. (NASDAQ:GAIN) to Announce $0.23 EPS

Brokerages forecast that Gladstone Investment Co. (NASDAQ:GAINGet Rating) will report earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Gladstone Investment’s earnings. Gladstone Investment posted earnings of $0.20 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Gladstone Investment will report full year earnings of $0.96 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.92 per share, with EPS estimates ranging from $0.92 to $0.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Gladstone Investment.

Gladstone Investment (NASDAQ:GAINGet Rating) last released its quarterly earnings results on Tuesday, February 8th. The investment management company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Gladstone Investment had a return on equity of 7.29% and a net margin of 151.59%. The business had revenue of $16.74 million during the quarter, compared to analysts’ expectations of $18.05 million. During the same quarter last year, the business posted $0.24 EPS.

GAIN has been the subject of a number of research analyst reports. StockNews.com started coverage on Gladstone Investment in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised Gladstone Investment from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, February 11th.

In other news, President David A. R. Dullum bought 5,500 shares of the stock in a transaction that occurred on Thursday, February 24th. The shares were acquired at an average cost of $14.56 per share, for a total transaction of $80,080.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.61% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in GAIN. Bank of America Corp DE raised its position in shares of Gladstone Investment by 100.9% in the second quarter. Bank of America Corp DE now owns 3,485 shares of the investment management company’s stock valued at $50,000 after purchasing an additional 1,750 shares during the period. Millennium Management LLC acquired a new stake in shares of Gladstone Investment during the 2nd quarter worth approximately $146,000. Raymond James Financial Services Advisors Inc. purchased a new position in Gladstone Investment during the 3rd quarter worth $152,000. Deutsche Bank AG boosted its holdings in Gladstone Investment by 166.5% during the 3rd quarter. Deutsche Bank AG now owns 11,264 shares of the investment management company’s stock worth $156,000 after acquiring an additional 7,037 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Gladstone Investment in the 3rd quarter valued at about $160,000. Institutional investors own 12.21% of the company’s stock.

NASDAQ:GAIN traded down $0.10 during mid-day trading on Tuesday, hitting $15.79. 89,486 shares of the company’s stock traded hands, compared to its average volume of 121,374. The stock has a fifty day moving average of $15.58. The company has a market cap of $524.31 million, a P/E ratio of 4.93, a P/E/G ratio of 5.82 and a beta of 1.56. Gladstone Investment has a twelve month low of $12.50 and a twelve month high of $17.15.

The company also recently declared a dividend, which was paid on Monday, February 14th. Shareholders of record on Friday, February 4th were paid a $0.12 dividend. The ex-dividend date was Thursday, February 3rd. This represents a dividend yield of 9.3%. This is a positive change from Gladstone Investment’s previous dividend of $0.09. Gladstone Investment’s dividend payout ratio (DPR) is presently 28.13%.

About Gladstone Investment (Get Rating)

Gladstone Investment Corporation 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.

Further Reading

Get a free copy of the Zacks research report on Gladstone Investment (GAIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Gladstone Investment (NASDAQ:GAIN)

Receive News & Ratings for Gladstone Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Investment and related companies with MarketBeat.com's FREE daily email newsletter.