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

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

GAIN has been the topic of a number of research reports. Zacks Research lowered shares of Gladstone Investment from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. B. Riley Financial reissued a “neutral” rating on shares of Gladstone Investment in a report on Monday, February 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Gladstone Investment in a research note on Monday, December 22nd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Gladstone Investment by 6.8% in the first quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company’s stock valued at $1,010,000 after buying an additional 4,826 shares in the last quarter. NewEdge Advisors LLC increased its stake in Gladstone Investment by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock worth $262,000 after acquiring an additional 1,150 shares during the period. Jane Street Group LLC acquired a new position in Gladstone Investment in the 1st quarter valued at $302,000. Focus Partners Wealth acquired a new position in Gladstone Investment in the 1st quarter valued at $261,000. Finally, First Horizon Advisors Inc. bought a new stake in shares of Gladstone Investment during the 2nd quarter valued at $32,000. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Trading Down 0.6%

GAIN opened at $13.79 on Tuesday. The stock’s fifty day simple moving average is $13.90 and its 200 day simple moving average is $13.94. Gladstone Investment has a 1-year low of $11.42 and a 1-year high of $15.34. The stock has a market cap of $549.12 million, a PE ratio of 4.43 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data 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 company 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%. Equities analysts forecast that Gladstone Investment will post 0.96 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The firm 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 $0.08 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a yield of 7.0%. Gladstone Investment’s payout ratio is 30.87%.

About Gladstone Investment

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.