Gladstone Investment (NASDAQ:GAIN) Stock Rating Upgraded by LADENBURG THALM/SH SH

Key Points

• LADENBURG THALM/SH SH upgraded Gladstone Investment to “buy” from “neutral” and set a $17 price target, implying 13.26% upside from the previous close.
• Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus rating from three Buy and two Hold recommendations, with an average target of $16.83.
• Gladstone Investment missed quarterly expectations, reporting EPS of $0.18 versus $0.26 estimated and revenue of $24.16 million versus $25.92 million expected.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) was upgraded by equities researchers at LADENBURG THALM/SH SH from a "neutral" rating to a "buy" rating in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a $17.00 price target on the investment management company's stock. LADENBURG THALM/SH SH's target price points to a potential upside of 13.26% from the stock's previous close.

Other analysts have also recently issued reports about the company. Zacks Research cut Gladstone Investment from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 12th. Wall Street Zen upgraded shares of Gladstone Investment from a "sell" rating to a "hold" rating in a research report on Monday, October 12th. Finally, Weiss Ratings cut Gladstone Investment from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $16.83.

Gladstone Investment Stock Performance

NASDAQ GAIN opened at $15.01 on Wednesday. The firm has a 50 day simple moving average of $15.49 and a 200-day simple moving average of $15.36. Gladstone Investment has a one year low of $13.11 and a one year high of $17.14. The firm has a market cap of $597.70 million, a price-to-earnings ratio of 3.89 and a beta of 0.72.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its earnings results on Monday, November 9th. The investment management company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.08). Gladstone Investment had a return on equity of 5.34% and a net margin of 149.34%. The business had revenue of $24.16 million for the quarter, compared to analysts' expectations of $25.92 million. Equities analysts predict that Gladstone Investment will post 1.00 EPS for the current fiscal year.

Institutional Trading of Gladstone Investment

Several large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in shares of Gladstone Investment during the 2nd quarter worth approximately $123,000. Greenwood Gearhart LLC acquired a new stake in Gladstone Investment during the 1st quarter valued at $254,000. 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 valued at $266,000 after buying an additional 3,422 shares during the last quarter. Independent Financial Group LLC acquired a new stake in Gladstone Investment during the 1st quarter valued at $355,000. Finally, Cetera Investment Advisers increased its position in Gladstone Investment by 2.3% during the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company's stock worth $449,000 after buying an additional 717 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Company Profile

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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