Gladstone Investment Co. (NASDAQ:GAIN) Forecasted to Earn FY2023 Earnings of $0.93 Per Share

Gladstone Investment Co. (NASDAQ:GAINGet Rating) – Analysts at Oppenheimer raised their FY2023 earnings estimates for Gladstone Investment in a research report issued on Thursday, May 12th. Oppenheimer analyst M. Penn now expects that the investment management company will post earnings per share of $0.93 for the year, up from their prior forecast of $0.92. Oppenheimer also issued estimates for Gladstone Investment’s Q1 2024 earnings at $0.23 EPS, Q2 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.23 EPS, Q4 2024 earnings at $0.23 EPS and FY2024 earnings at $0.93 EPS.

A number of other equities analysts also recently commented on GAIN. StockNews.com upgraded Gladstone Investment from a “hold” rating to a “buy” rating in a research report on Tuesday, May 10th. Zacks Investment Research cut Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th.

Shares of GAIN opened at $14.57 on Monday. Gladstone Investment has a 12 month low of $13.28 and a 12 month high of $17.15. The stock’s 50 day moving average is $15.79 and its two-hundred day moving average is $16.01. The firm has a market cap of $483.80 million, a P/E ratio of 4.73, a PEG ratio of 5.22 and a beta of 1.48.

The company also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd will be given a dividend of $0.075 per share. This represents a $0.90 annualized dividend and a yield of 6.18%. The ex-dividend date is Tuesday, June 21st. Gladstone Investment’s dividend payout ratio (DPR) is 29.22%.

In related news, President David A. R. Dullum bought 5,500 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were acquired at an average price of $14.56 per share, with a total value of $80,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.61% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Gladstone Investment by 52.6% in the 1st quarter. Van ECK Associates Corp now owns 821,203 shares of the investment management company’s stock valued at $13,246,000 after acquiring an additional 283,224 shares during the period. Two Sigma Investments LP raised its holdings in Gladstone Investment by 78.9% during the third quarter. Two Sigma Investments LP now owns 117,358 shares of the investment management company’s stock valued at $1,628,000 after buying an additional 51,748 shares in the last quarter. Invesco Ltd. bought a new position in Gladstone Investment during the fourth quarter valued at about $707,000. BlackRock Inc. raised its holdings in Gladstone Investment by 14.0% during the third quarter. BlackRock Inc. now owns 245,206 shares of the investment management company’s stock valued at $3,401,000 after buying an additional 30,122 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Gladstone Investment by 18.8% during the third quarter. Two Sigma Advisers LP now owns 139,142 shares of the investment management company’s stock valued at $1,930,000 after buying an additional 22,000 shares in the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

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.

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

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