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

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

A number of research firms recently commented on GAIN. B. Riley Financial reaffirmed a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Zacks Research raised Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th.

Hedge Funds Weigh In On Gladstone Investment

A number of hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in Gladstone Investment during the fourth quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in Gladstone Investment during the fourth quarter worth approximately $31,000. JPMorgan Chase & Co. grew its stake 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 worth $76,000 after purchasing an additional 4,804 shares during the period. Quantbot Technologies LP acquired a new stake in Gladstone Investment during the second quarter worth approximately $105,000. Finally, Bank of America Corp DE grew its stake in Gladstone Investment by 272.1% during the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock worth $124,000 after purchasing an additional 6,542 shares during the period. Institutional investors own 11.85% of the company’s stock.

Gladstone Investment Stock Up 1.0%

Shares of Gladstone Investment stock opened at $14.67 on Wednesday. Gladstone Investment has a twelve month low of $12.63 and a twelve month high of $15.34. The stock has a market cap of $584.16 million, a price-to-earnings ratio of 4.72 and a beta of 0.78. The company’s fifty day moving average is $14.04 and its 200 day moving average is $13.93.

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

Gladstone Investment Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, March 23rd. Gladstone Investment’s dividend payout ratio (DPR) is currently 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.