Gladstone Investment (NASDAQ:GAIN) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a strong sell rating in a research report sent to investors on Thursday,Zacks.com reports.

GAIN has been the topic of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Gladstone Investment has a consensus rating of “Hold”.

Gladstone Investment Stock Up 0.2%

Shares of GAIN opened at $13.89 on Thursday. Gladstone Investment has a twelve month low of $11.42 and a twelve month high of $15.34. The business’s 50-day moving average price is $13.91 and its 200-day moving average price is $13.94. The stock has a market cap of $553.13 million, a PE ratio of 4.47 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share (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 analysts’ expectations of $25.83 million. Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%. Analysts expect that Gladstone Investment will post 0.96 earnings per share 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. Investors of record on Monday, March 23rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 6.9%. Gladstone Investment’s payout ratio is presently 30.87%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at about $31,000. First Horizon Advisors Inc. bought a new stake in Gladstone Investment during the second quarter valued at approximately $32,000. Allworth Financial LP increased its holdings in Gladstone Investment by 38,592.3% during the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock valued at $72,000 after buying an additional 5,017 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after buying an additional 4,804 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Gladstone Investment in the second quarter worth approximately $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.