Wall Street analysts forecast that Gladstone Investment Co. (NASDAQ:GAIN) will report earnings per share (EPS) of $0.20 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Gladstone Investment’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.20. Gladstone Investment reported earnings per share of $0.10 in the same quarter last year, which suggests a positive year over year growth rate of 100%. The business is expected to issue its next earnings results on Monday, November 4th.
On average, analysts expect that Gladstone Investment will report full year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.91. For the next financial year, analysts anticipate that the business will post earnings of $0.82 per share, with EPS estimates ranging from $0.80 to $0.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Wednesday, July 31st. The investment management company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Gladstone Investment had a net margin of 89.98% and a return on equity of 6.84%. The company had revenue of $17.31 million during the quarter, compared to analysts’ expectations of $13.69 million.
Several brokerages have commented on GAIN. ValuEngine upgraded shares of Gladstone Investment from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub cut shares of Gladstone Investment from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, Zacks Investment Research cut shares of Gladstone Investment from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th.
In related news, CEO David Gladstone purchased 20,581 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of $11.99 per share, for a total transaction of $246,766.19. Following the completion of the acquisition, the chief executive officer now owns 666,554 shares in the company, valued at approximately $7,991,982.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Terry Lee Brubaker sold 21,502 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $11.52, for a total transaction of $247,703.04. Following the sale, the chief operating officer now owns 8,733 shares of the company’s stock, valued at $100,604.16. The disclosure for this sale can be found here. Company insiders own 2.56% of the company’s stock.
Several hedge funds have recently bought and sold shares of GAIN. Advisory Services Network LLC raised its position in Gladstone Investment by 44.5% during the first quarter. Advisory Services Network LLC now owns 3,020 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 930 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Gladstone Investment by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 166,374 shares of the investment management company’s stock valued at $1,868,000 after acquiring an additional 960 shares in the last quarter. Winslow Evans & Crocker Inc. raised its position in Gladstone Investment by 65.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,600 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 1,024 shares in the last quarter. Financial Gravity Wealth Inc. raised its position in Gladstone Investment by 129.6% during the third quarter. Financial Gravity Wealth Inc. now owns 2,698 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 1,523 shares in the last quarter. Finally, PFG Advisors raised its position in Gladstone Investment by 1.7% during the third quarter. PFG Advisors now owns 165,495 shares of the investment management company’s stock valued at $2,037,000 after acquiring an additional 2,751 shares in the last quarter. Institutional investors and hedge funds own 12.60% of the company’s stock.
Shares of GAIN traded down $0.06 during midday trading on Monday, hitting $12.61. The stock had a trading volume of 153,293 shares, compared to its average volume of 130,141. Gladstone Investment has a fifty-two week low of $8.70 and a fifty-two week high of $12.78. The business has a 50-day simple moving average of $12.26 and a two-hundred day simple moving average of $11.81. The firm has a market cap of $411.59 million, a P/E ratio of 16.38 and a beta of 0.81.
The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.068 per share. This represents a $0.82 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Monday, October 21st. Gladstone Investment’s dividend payout ratio is currently 106.49%.
Gladstone Investment Company Profile
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, 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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