Gladstone Investment Corporation $GAIN is Melia Wealth LLC's 3rd Largest Position

Key Points

• Melia Wealth LLC has increased its holdings in Gladstone Investment Corporation by 4.1%, making it the firm's third-largest position, representing 7.7% of their investment portfolio.
• Recent performance shows that Gladstone Investment reported $0.24 earnings per share for the last quarter, exceeding analysts' expectations of $0.23.
• Analysts have a consensus rating of "Hold" for Gladstone Investment, with a target price set at $13.50.

Melia Wealth LLC raised its position in Gladstone Investment Corporation (NASDAQ:GAIN - Free Report) by 4.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,133,030 shares of the investment management company's stock after buying an additional 44,232 shares during the period. Gladstone Investment comprises 7.7% of Melia Wealth LLC's investment portfolio, making the stock its 3rd biggest position. Melia Wealth LLC owned approximately 3.08% of Gladstone Investment worth $16,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Gladstone Investment by 37,400.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company's stock valued at $40,000 after buying an additional 2,992 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Gladstone Investment in the first quarter valued at $71,000. Geneos Wealth Management Inc. purchased a new position in Gladstone Investment in the first quarter valued at $113,000. Realta Investment Advisors purchased a new position in Gladstone Investment in the first quarter valued at $134,000. Finally, Hardy Reed LLC purchased a new position in Gladstone Investment in the first quarter valued at $136,000. Hedge funds and other institutional investors own 11.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GAIN. Weiss Ratings reissued a "buy (b-)" rating on shares of Gladstone Investment in a research note on Wednesday, October 8th. B. Riley raised shares of Gladstone Investment to a "hold" rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $13.50.

Gladstone Investment Trading Up 3.5%

GAIN opened at $13.66 on Tuesday. The firm has a market capitalization of $522.09 million, a PE ratio of 6.29 and a beta of 0.93. Gladstone Investment Corporation has a twelve month low of $11.42 and a twelve month high of $15.34. The firm's 50-day moving average price is $14.02 and its 200 day moving average price is $13.98.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The investment management company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $23.54 million for the quarter, compared to analyst estimates of $23.87 million. Gladstone Investment had a net margin of 83.78% and a return on equity of 7.33%. As a group, analysts predict that Gladstone Investment Corporation will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Company Profile

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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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