Gladstone Investment (NASDAQ:GAIN) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Gladstone Investment Corporation (NASDAQ:GAIN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.91 and traded as high as $14.75. Gladstone Investment shares last traded at $14.66, with a volume of 266,965 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Zacks Research upgraded Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. B. Riley Financial restated a “neutral” rating on shares of Gladstone Investment in a research report on Monday, February 9th. Wall Street Zen upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Gladstone Investment Trading Up 0.1%

The firm has a market cap of $583.76 million, a price-to-earnings ratio of 4.71 and a beta of 0.78. The stock has a 50-day moving average of $13.99 and a 200-day moving average of $13.91.

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

Gladstone Investment Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a c) annualized dividend and a yield of 6.5%. Gladstone Investment’s payout ratio is presently 30.87%.

Institutional Trading of Gladstone Investment

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. raised its stake in Gladstone Investment by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 40,857 shares of the investment management company’s stock valued at $583,000 after acquiring an additional 814 shares in the last quarter. NewEdge Advisors LLC raised its stake in Gladstone Investment by 5.6% during the 4th quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 1,084 shares in the last quarter. Wells Fargo & Company MN raised its stake in Gladstone Investment by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 14,777 shares of the investment management company’s stock valued at $206,000 after acquiring an additional 1,500 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Gladstone Investment during the 4th quarter valued at $26,000. Finally, JPMorgan Chase & Co. raised its stake in Gladstone Investment by 36.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,249 shares of the investment management company’s stock valued at $100,000 after acquiring an additional 1,945 shares in the last quarter. Institutional investors 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.