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

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) have earned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Several equities analysts have issued reports on the company. B. Riley Financial reissued a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Zacks Research upgraded shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Saturday, February 7th.

Institutional Trading of Gladstone Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in Gladstone Investment in the fourth quarter worth approximately $26,000. International Assets Investment Management LLC bought a new stake in shares of Gladstone Investment during the fourth quarter valued at approximately $31,000. Allworth Financial LP increased its holdings in shares of 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 acquiring an additional 5,017 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 period. Finally, Quantbot Technologies LP acquired a new position in shares of Gladstone Investment during the second quarter worth approximately $105,000. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Trading Down 0.4%

GAIN stock opened at $13.97 on Friday. The firm has a market cap of $556.29 million, a PE ratio of 4.49 and a beta of 0.82. The stock has a 50-day moving average price of $13.88 and a 200-day moving average price of $13.90. Gladstone Investment has a 1-year low of $11.42 and a 1-year high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last announced 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). Gladstone Investment had a net margin of 118.55% and a return on equity of 6.77%. The business had revenue of $25.06 million for the quarter, compared to the consensus estimate of $25.83 million. On average, analysts forecast that Gladstone Investment will post 0.96 earnings per share for the current year.

Gladstone Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Investment’s dividend 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.