Gladstone Investment (NASDAQ:GAIN) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Gladstone Investment from “sell” to “hold.” Despite mixed analyst actions, the stock has an overall “Buy” consensus rating and a $16.75 price target.
• Gladstone Investment reported quarterly EPS of $0.26, beating the $0.22 estimate, while revenue of $28.36 million exceeded the $25.75 million consensus forecast.
• GAIN shares opened at $15.81, with a 52-week range of $13.11 to $17.14; institutional investors and hedge funds own approximately 11.85% of the stock.

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

A number of other analysts have also issued reports on the stock. Weiss Ratings lowered shares of Gladstone Investment from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, September 1st. Zacks Research raised shares of Gladstone Investment from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $16.75.

Gladstone Investment Stock Performance

Shares of GAIN opened at $15.81 on Friday. Gladstone Investment has a one year low of $13.11 and a one year high of $17.14. The stock has a 50-day moving average price of $16.26 and a 200 day moving average price of $15.71. The company has a market capitalization of $629.55 million, a P/E ratio of 3.78 and a beta of 0.77.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%.The company had revenue of $28.36 million for the quarter, compared to the consensus estimate of $25.75 million. As a group, equities research analysts forecast that Gladstone Investment will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gladstone Investment

Several institutional investors and hedge funds have recently made changes to their positions in GAIN. Van ECK Associates Corp raised its holdings in shares of Gladstone Investment by 35.8% during the second quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company's stock worth $12,431,000 after purchasing an additional 212,170 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Gladstone Investment in the 2nd quarter valued at about $572,000. Cetera Investment Advisers boosted its holdings in shares of Gladstone Investment by 2.3% in the 1st quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company's stock valued at $449,000 after buying an additional 717 shares during the period. Independent Financial Group LLC bought a new stake in shares of Gladstone Investment during the 1st quarter valued at about $355,000. Finally, Greenwood Gearhart LLC bought a new stake in shares of Gladstone Investment during the 1st quarter valued at about $254,000. 11.85% of the stock is owned by institutional investors and hedge funds.

About Gladstone Investment

Gladstone Investment Corporation NASDAQ: GAIN is a business development company that provides financing and equity capital to established lower middle-market businesses in the United States. The company invests in companies across a range of industries and generally seeks businesses with stable operations, experienced management teams and opportunities for growth or operational improvement.

Gladstone Investment's activities include originating and investing in secured debt, subordinated debt and equity securities.

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