Gladstone Investment (NASDAQ:GAIN) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Gladstone Investment from “hold” to “sell.” Despite the downgrade, analyst consensus remains “Moderate Buy,” with a $16.83 average price target.
• Gladstone Investment reported quarterly EPS of $0.18, below the $0.26 consensus estimate, and revenue of $24.16 million, short of the $25.92 million forecast.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on GAIN. Weiss Ratings downgraded shares of Gladstone Investment from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, October 23rd. Zacks Research cut shares of Gladstone Investment from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 12th. Finally, Ladenburg Thalmann & Co. Inc. upgraded shares of Gladstone Investment from a "neutral" rating to a "buy" rating and set a $17.00 price target for the company in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Gladstone Investment has a consensus rating of "Moderate Buy" and a consensus target price of $16.83.

Gladstone Investment Trading Up 0.1%

GAIN stock opened at $14.88 on Friday. The firm has a 50-day moving average price of $15.41 and a 200-day moving average price of $15.37. Gladstone Investment has a 12 month low of $13.11 and a 12 month high of $17.14. The stock has a market capitalization of $592.52 million, a P/E ratio of 17.49 and a beta of 0.72.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.08). The company had revenue of $24.16 million for the quarter, compared to the consensus estimate of $25.92 million. Gladstone Investment had a net margin of 149.34% and a return on equity of 5.31%. As a group, equities analysts predict that Gladstone Investment will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GAIN. Van ECK Associates Corp raised its holdings in Gladstone Investment by 35.8% in the 2nd quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company's stock valued at $12,431,000 after buying an additional 212,170 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in Gladstone Investment during the 2nd quarter worth approximately $572,000. Advisors Asset Management Inc. bought a new stake in Gladstone Investment during the 3rd quarter worth approximately $1,764,000. Private Advisor Group LLC grew its holdings in Gladstone Investment by 25.1% during the 3rd quarter. Private Advisor Group LLC now owns 17,074 shares of the investment management company's stock worth $266,000 after acquiring an additional 3,422 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Gladstone Investment during the 2nd quarter worth approximately $123,000. Institutional investors and hedge funds own 11.85% of the company's stock.

About Gladstone Investment

Gladstone Investment Corporation is a publicly traded business development company that provides debt and equity capital to established lower middle-market businesses in the United States. The company invests in connection with management buyouts, acquisitions, recapitalizations and growth initiatives. Its investments may include secured loans and ownership stakes, allowing Gladstone Investment to support portfolio companies with both financing and equity capital. The company typically seeks businesses with established operations and opportunities for continued development.

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