Gladstone Investment Corporation (NASDAQ:GAIN) Given Consensus Rating of “Hold” by Brokerages

Gladstone Investment Corporation (NASDAQ:GAIN) has been given a consensus rating of “Hold” by the five ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Several analysts recently commented on the company. Zacks Research lowered Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd.

Gladstone Investment Stock Performance

Shares of GAIN stock opened at $13.80 on Friday. Gladstone Investment has a twelve month low of $11.42 and a twelve month high of $15.34. The company has a market capitalization of $547.17 million, a price-to-earnings ratio of 5.52 and a beta of 0.84. The stock’s 50 day simple moving average is $13.89 and its 200 day simple moving average is $13.96.

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

Gladstone Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Investment’s dividend payout ratio is currently 38.40%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. bought a new stake in Gladstone Investment during the 2nd quarter worth approximately $32,000. Allworth Financial LP boosted its stake in Gladstone Investment by 38,592.3% in the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock worth $72,000 after purchasing an additional 5,017 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after purchasing an additional 4,804 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Gladstone Investment during the second quarter worth $105,000. Finally, Bank of America Corp DE increased its stake in shares of Gladstone Investment by 272.1% in the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock valued at $124,000 after buying an additional 6,542 shares in the last quarter. 11.85% of the stock is owned by institutional investors and hedge funds.

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.