Gladstone Investment (NASDAQ:GAIN) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Gladstone Investment Corporation (NASDAQ:GAIN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.90 and traded as high as $14.19. Gladstone Investment shares last traded at $14.15, with a volume of 371,811 shares trading hands.

Analyst Ratings Changes

Several research firms have issued reports on GAIN. B. Riley Financial reaffirmed a “neutral” rating on shares of Gladstone Investment in a report on Monday, February 9th. Zacks Research upgraded Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Gladstone Investment in a research note on Friday. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

Gladstone Investment Stock Up 2.5%

The firm has a market capitalization of $563.45 million, a price-to-earnings ratio of 4.55 and a beta of 0.82. The company’s 50 day moving average price is $13.92 and its 200 day moving average price is $13.90.

Gladstone Investment (NASDAQ:GAIN) last released 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). Gladstone Investment had a net margin of 118.55% and a return on equity of 6.77%. The firm had revenue of $25.06 million during the quarter, compared to analyst estimates of $25.83 million. As a group, analysts expect that Gladstone Investment Corporation will post 0.96 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders 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) dividend on an annualized basis and a dividend yield of 6.8%. Gladstone Investment’s dividend payout ratio is currently 30.87%.

Institutional Investors Weigh In On Gladstone Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its position in 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 during the last quarter. NewEdge Advisors LLC increased its holdings in Gladstone Investment by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock worth $262,000 after buying an additional 1,150 shares during the period. Jane Street Group LLC purchased a new position in Gladstone Investment during the 1st quarter worth approximately $302,000. Focus Partners Wealth purchased a new position in Gladstone Investment during the 1st quarter worth approximately $261,000. Finally, JPMorgan Chase & Co. lifted its stake in Gladstone Investment by 960.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 4,804 shares during the period. Institutional investors and hedge funds own 11.85% of the company’s stock.

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.