Gladstone Investment (NASDAQ:GAIN) was upgraded by Ladenburg Thalmann Financial Services from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, February 7th, Marketbeat Ratings reports.
GAIN has been the topic of a number of other research reports. ValuEngine upgraded Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush lowered Gladstone Investment from an “outperform” rating to a “neutral” rating and upped their target price for the company from $10.50 to $11.00 in a research report on Monday, November 20th. Zacks Investment Research upgraded Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Monday, November 6th. Jefferies Group upped their price objective on Gladstone Investment from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, BidaskClub lowered Gladstone Investment from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Gladstone Investment currently has a consensus rating of “Buy” and an average price target of $11.00.
Shares of Gladstone Investment (NASDAQ:GAIN) traded up $0.05 during trading on Wednesday, reaching $10.41. 138,305 shares of the company’s stock were exchanged, compared to its average volume of 323,764. The company has a market capitalization of $336.97, a P/E ratio of 6.85 and a beta of 0.55. Gladstone Investment has a fifty-two week low of $8.45 and a fifty-two week high of $11.50.
Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Gladstone Investment had a return on equity of 7.46% and a net margin of 87.19%. The business had revenue of $16.18 million for the quarter, compared to analyst estimates of $13.42 million. sell-side analysts forecast that Gladstone Investment will post 0.76 EPS for the current fiscal year.
In other news, Director Walter H. Wilkinson acquired 5,730 shares of Gladstone Investment stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average cost of $10.84 per share, with a total value of $62,113.20. Following the purchase, the director now 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 available through this link. 2.40% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL increased 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 worth $112,000 after acquiring an additional 1,152 shares during the last quarter. Doyle Wealth Management acquired a new stake in shares of Gladstone Investment in the 3rd quarter worth $113,000. Yellowstone Partners LLC purchased a new position in shares of Gladstone Investment during the 3rd quarter worth $162,000. Parametric Portfolio Associates LLC grew its holdings in shares of Gladstone Investment by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock worth $176,000 after purchasing an additional 148 shares during the period. Finally, Wedbush Securities Inc. purchased a new position in shares of Gladstone Investment during the 3rd quarter worth $226,000. 17.21% of the stock is owned by institutional investors and hedge funds.
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About Gladstone Investment
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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