Gladstone Investment Corporation (NASDAQ:GAIN) Receives Consensus Rating of “Hold” from Analysts

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

A number of research firms have commented on GAIN. Weiss Ratings reissued a “buy (b)” rating on shares of Gladstone Investment in a research note on Monday, December 22nd. Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Zacks Research lowered Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th.

Gladstone Investment Stock Performance

NASDAQ:GAIN opened at $13.87 on Monday. Gladstone Investment has a 52-week low of $11.42 and a 52-week high of $15.34. The stock has a fifty day moving average of $13.88 and a 200 day moving average of $13.99. The firm has a market capitalization of $549.95 million, a price-to-earnings ratio of 5.55 and a beta of 0.83.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Tuesday, November 4th. The investment management company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $25.28 million for the quarter, compared to analyst estimates of $24.58 million. Gladstone Investment had a return on equity of 7.12% and a net margin of 94.99%. Equities analysts forecast that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a $0.08 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 6.9%. Gladstone Investment’s payout ratio is presently 38.40%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GAIN. First Horizon Advisors Inc. bought a new stake in Gladstone Investment in the second quarter worth $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Gladstone Investment by 37,400.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company’s stock worth $40,000 after buying an additional 2,992 shares during the period. Allworth Financial LP lifted its stake in shares of Gladstone Investment by 38,592.3% in the 2nd quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock valued at $72,000 after acquiring an additional 5,017 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Gladstone Investment by 960.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 4,804 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Gladstone Investment during the 2nd quarter valued at about $105,000. 11.85% of the stock is owned by hedge funds and other institutional investors.

Gladstone Investment Company Profile

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.