BidaskClub upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a buy rating in a research note released on Saturday morning.
A number of other research firms have also recently issued reports on GAIN. ValuEngine raised Gladstone Investment from a buy rating to a strong-buy rating in a research report on Thursday, March 1st. Zacks Investment Research cut Gladstone Investment from a buy rating to a hold rating in a research report on Friday, March 2nd. Finally, Wedbush raised Gladstone Investment from a neutral rating to an outperform rating and raised their price objective for the company from $9.56 to $11.00 in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Gladstone Investment presently has an average rating of Buy and an average price target of $11.33.
GAIN opened at $11.99 on Friday. Gladstone Investment has a 12-month low of $9.00 and a 12-month high of $12.02. The company has a market capitalization of $393.54 million, a PE ratio of 15.18 and a beta of 0.53.
Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, May 15th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. Gladstone Investment had a return on equity of 7.64% and a net margin of 104.00%. The company had revenue of $15.42 million during the quarter, compared to analysts’ expectations of $13.88 million. sell-side analysts anticipate that Gladstone Investment will post 0.79 EPS for the current year.
The firm also recently disclosed a special dividend, which was paid on Friday, June 15th. Stockholders of record on Wednesday, June 6th were given a $0.06 dividend. The ex-dividend date was Tuesday, June 5th. This represents a dividend yield of 7.69%. Gladstone Investment’s payout ratio is 97.56%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stockman Wealth Management Inc. acquired a new stake in shares of Gladstone Investment in the fourth quarter valued at approximately $269,000. Aperio Group LLC acquired a new stake in Gladstone Investment during the 1st quarter worth approximately $113,000. Stelac Advisory Services LLC acquired a new stake in Gladstone Investment during the 1st quarter worth approximately $115,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Gladstone Investment during the 1st quarter worth approximately $137,000. Finally, Guggenheim Capital LLC acquired a new stake in Gladstone Investment during the 1st quarter worth approximately $191,000. 15.26% of the stock is owned by institutional investors.
About Gladstone Investment
Gladstone Investment Corporation is a business development company specializing in buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.
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