News coverage about Gladstone Investment (NASDAQ:GAIN) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gladstone Investment earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 46.6838304838697 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Shares of Gladstone Investment (GAIN) opened at $10.87 on Tuesday. Gladstone Investment has a twelve month low of $8.08 and a twelve month high of $11.17. The firm has a market capitalization of $353.89, a P/E ratio of 15.73 and a beta of 0.74.
Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Wednesday, November 1st. The investment management company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Gladstone Investment had a return on equity of 6.95% and a net margin of 80.07%. The business had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million. sell-side analysts expect that Gladstone Investment will post 0.71 EPS for the current year.
The business also recently disclosed a special dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a yield of 7.93%. Gladstone Investment’s payout ratio is currently 57.78%.
GAIN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Monday, November 6th. ValuEngine upgraded Gladstone Investment from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group reiterated a “hold” rating and issued a $9.00 price target on shares of Gladstone Investment in a report on Wednesday, August 16th. BidaskClub downgraded Gladstone Investment from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Wedbush downgraded Gladstone Investment from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $10.50 to $11.00 in a report on Monday, November 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.00.
In related news, Director Walter H. Wilkinson acquired 5,730 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average cost of $10.84 per share, for a total transaction of $62,113.20. Following the purchase, the director now directly owns 14,416 shares in the company, valued at $156,269.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by corporate insiders.
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Gladstone Investment Company Profile
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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