Gladstone Investment Corporation (NASDAQ:GAIN) is set to release its earnings data after the market closes on Tuesday, October 31st. Analysts expect Gladstone Investment Corporation to post earnings of $0.17 per share for the quarter.
Gladstone Investment Corporation (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, August 1st. The investment management company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Gladstone Investment Corporation had a return on equity of 6.95% and a net margin of 55.52%. The firm had revenue of $13.62 million during the quarter, compared to analysts’ expectations of $13.01 million. On average, analysts expect Gladstone Investment Corporation to post $0.7 EPS for the current fiscal year and $0.76 EPS for the next fiscal year.
Shares of Gladstone Investment Corporation (NASDAQ:GAIN) opened at 10.27 on Friday. Gladstone Investment Corporation has a 12-month low of $7.16 and a 12-month high of $10.56. The company has a 50 day moving average price of $9.60 and a 200 day moving average price of $9.44.
The firm also recently declared a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a $0.06 dividend. The ex-dividend date is Monday, December 4th. This represents a yield of 7.93%. Gladstone Investment Corporation’s dividend payout ratio (DPR) is presently 83.87%.
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GAIN has been the subject of several analyst reports. ValuEngine upgraded Gladstone Investment Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Gladstone Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $9.00 price target on shares of Gladstone Investment Corporation in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.50.
About Gladstone Investment Corporation
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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