Gladstone Investment (NASDAQ:GAIN) Upgraded to “Hold” at Wall Street Zen

Gladstone Investment (NASDAQ:GAIN) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other analysts have also commented on GAIN. Zacks Research lowered Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gladstone Investment in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Gladstone Investment Price Performance

GAIN stock opened at $13.89 on Friday. The company has a 50 day moving average price of $13.91 and a 200 day moving average price of $13.94. Gladstone Investment has a fifty-two week low of $11.42 and a fifty-two week high of $15.34. The stock has a market capitalization of $553.10 million, a PE ratio of 4.47 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, February 3rd. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $25.06 million during the quarter, compared to analyst estimates of $25.83 million. Gladstone Investment had a net margin of 118.55% and a return on equity of 6.77%. As a group, equities analysts expect that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gladstone Investment

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Gladstone Investment during the fourth quarter worth about $31,000. Cassaday & Co Wealth Management LLC lifted its stake in Gladstone Investment by 3.1% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 132,000 shares of the investment management company’s stock valued at $1,844,000 after acquiring an additional 4,000 shares during the last quarter. UBS Group AG lifted its stake in Gladstone Investment by 47.1% in the 4th quarter. UBS Group AG now owns 713,016 shares of the investment management company’s stock valued at $9,961,000 after purchasing an additional 228,168 shares during the last quarter. Outfitters Financial LLC lifted its position in shares of Gladstone Investment by 1.2% in the fourth quarter. Outfitters Financial LLC now owns 204,345 shares of the investment management company’s stock valued at $2,855,000 after buying an additional 2,450 shares during the last quarter. Finally, PFG Advisors lifted its holdings in Gladstone Investment by 206.0% during the 4th quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after purchasing an additional 205,504 shares during the last quarter. Institutional investors own 11.85% of the company’s stock.

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.