Wall Street analysts forecast that Gladstone Investment Co. (NASDAQ:GAIN) will post $14.20 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Gladstone Investment’s earnings. The lowest sales estimate is $14.14 million and the highest is $14.25 million. Gladstone Investment posted sales of $12.36 million during the same quarter last year, which suggests a positive year over year growth rate of 14.9%. The company is expected to issue its next quarterly earnings report on Monday, May 21st.
On average, analysts expect that Gladstone Investment will report full year sales of $14.20 million for the current year, with estimates ranging from $57.08 million to $57.19 million. For the next fiscal year, analysts expect that the business will report sales of $60.43 million per share, with estimates ranging from $57.19 million to $63.67 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, February 6th. The investment management company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $16.18 million during the quarter, compared to analyst estimates of $13.42 million. Gladstone Investment had a return on equity of 7.46% and a net margin of 87.19%.
Several research analysts recently weighed in on GAIN shares. ValuEngine raised shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Wedbush downgraded shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $10.50 to $11.00 in a report on Monday, November 20th. Zacks Investment Research raised shares of Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Monday, November 6th. Jefferies Group upped their target price on shares of Gladstone Investment from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Finally, BidaskClub downgraded shares of Gladstone Investment from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 23rd. Three investment 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 company. Gladstone Investment currently has an average rating of “Buy” and an average price target of $11.00.
Shares of Gladstone Investment (GAIN) opened at $10.09 on Thursday. The company has a market capitalization of $327.86, a price-to-earnings ratio of 6.64 and a beta of 0.55. Gladstone Investment has a 12 month low of $8.45 and a 12 month high of $11.50.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Monday, March 19th. Gladstone Investment’s dividend payout ratio (DPR) is presently 51.32%.
In related news, Director Walter H. Wilkinson acquired 5,730 shares of the company’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 acquisition, the director now directly owns 14,416 shares of the company’s stock, valued at $156,269.44. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of Gladstone Investment by 347.6% during the 4th quarter. LPL Financial LLC now owns 69,349 shares of the investment management company’s stock valued at $774,000 after purchasing an additional 53,856 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Gladstone Investment by 228.0% during the 4th quarter. Millennium Management LLC now owns 105,456 shares of the investment management company’s stock valued at $1,177,000 after purchasing an additional 73,303 shares during the last quarter. Stockman Wealth Management Inc. purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at about $269,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at about $678,000. Finally, BlackRock Inc. raised its position in shares of Gladstone Investment by 9.0% during the 4th quarter. BlackRock Inc. now owns 208,736 shares of the investment management company’s stock valued at $2,329,000 after buying an additional 17,156 shares in the last quarter. 17.16% of the stock is owned by institutional investors and hedge funds.
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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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