Gladstone Investment (NASDAQ:GAIN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $12.00 price target on the investment management company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 15.27% from the company’s previous close.
According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “
A number of other brokerages also recently commented on GAIN. Wedbush downgraded shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $10.50 to $11.00 in a research report on Monday, November 20th. ValuEngine upgraded shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 4th. Ladenburg Thalmann Financial Services upgraded shares of Gladstone Investment from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. BidaskClub downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Jefferies Group increased their price target on shares of Gladstone Investment from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $11.00.
Gladstone Investment (NASDAQ GAIN) opened at $10.41 on Thursday. The company has a market cap of $336.97, a price-to-earnings ratio of 13.81 and a beta of 0.55. Gladstone Investment has a 12-month low of $8.45 and a 12-month high of $11.50.
Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Tuesday, February 6th. The investment management company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $16.18 million during the quarter, compared to the consensus estimate of $13.42 million. Gladstone Investment had a net margin of 87.19% and a return on equity of 7.46%. analysts forecast that Gladstone Investment will post 0.76 earnings per share for the current year.
In related news, Director Walter H. Wilkinson purchased 5,730 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average price of $10.84 per share, for a total transaction of $62,113.20. Following the acquisition, the director now directly owns 14,416 shares of the company’s stock, valued at approximately $156,269.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in GAIN. Tudor Investment Corp ET AL increased its holdings 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 position in shares of Gladstone Investment in the 3rd quarter valued at about $113,000. Yellowstone Partners LLC acquired a new stake in Gladstone Investment in the 3rd quarter valued at about $162,000. Parametric Portfolio Associates LLC grew its stake in 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 acquiring an additional 148 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in Gladstone Investment in the 3rd quarter valued at about $226,000. Institutional investors and hedge funds own 17.21% of the company’s stock.
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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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