Gladstone Investment Co. (NASDAQ:GAIN) has received a consensus broker rating score of 3.00 (Hold) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Five analysts have rated the stock with a hold recommendation. Gladstone Investment’s rating score has declined by 15.4% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a one year consensus price objective of $10.67 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Gladstone Investment an industry rank of 221 out of 265 based on the ratings given to its competitors.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Jefferies Group boosted their price target on shares of Gladstone Investment from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Wedbush cut shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $10.50 to $11.00 in a research note on Monday, November 20th. Finally, ValuEngine raised shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 4th.
In related news, Director Walter H. Wilkinson purchased 5,730 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was acquired at an average price of $10.84 per share, with a total value 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 filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL boosted its stake in shares of Gladstone Investment by 10.7% in the 2nd quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 1,152 shares in the last quarter. Doyle Wealth Management purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at $113,000. Yellowstone Partners LLC purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at $162,000. Parametric Portfolio Associates LLC boosted its stake in shares of Gladstone Investment by 0.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock valued at $176,000 after purchasing an additional 148 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at $226,000. 17.36% of the stock is owned by institutional investors and hedge funds.
Shares of Gladstone Investment (NASDAQ:GAIN) remained flat at $$11.21 during trading hours on Tuesday. 119,309 shares of the company were exchanged, compared to its average volume of 200,252. The company has a market cap of $364.62, a PE ratio of 8.30 and a beta of 0.74. Gladstone Investment has a 1 year low of $8.45 and a 1 year high of $11.50.
Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Wednesday, November 1st. The investment management company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Gladstone Investment had a net margin of 80.07% and a return on equity of 6.95%. The company had revenue of $13.13 million during the quarter, compared to analysts’ expectations of $12.22 million. sell-side analysts expect that Gladstone Investment will post 0.71 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.78 dividend on an annualized basis and a yield of 6.96%. Gladstone Investment’s dividend payout ratio is presently 57.78%.
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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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