Gladstone Investment Corporation (NASDAQ:GAIN) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Gladstone Investment Corporation (NASDAQ:GAIN) has received a consensus rating of "Moderate Buy" from five analysts, with an average price target of $13.50 over the next year.
• Recent trading activity shows significant institutional interest, with firms like Northwestern Mutual Wealth Management Co. increasing their stakes by over 37,000% in the first quarter.
• Gladstone Investment reported earnings of $0.24 per share, exceeding expectations, and had a net margin of 83.78% for the quarter ended August 12th.

Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.50.

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Gladstone Investment in a report on Wednesday, October 8th. Zacks Research raised shares of Gladstone Investment from a "hold" rating to a "strong-buy" rating in a report on Monday.

Institutional Trading of Gladstone Investment

Large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in Gladstone Investment in the second quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. raised its position 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 worth $40,000 after acquiring an additional 2,992 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Gladstone Investment in the first quarter valued at approximately $71,000. Allworth Financial LP increased its holdings in Gladstone Investment by 38,592.3% during the 2nd quarter. Allworth Financial LP now owns 5,030 shares of the investment management company's stock worth $72,000 after acquiring an additional 5,017 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Gladstone Investment by 960.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company's stock worth $76,000 after buying an additional 4,804 shares during the last quarter. Institutional investors and hedge funds own 11.85% of the company's stock.

Gladstone Investment Price Performance

GAIN opened at $13.94 on Wednesday. The stock's 50 day moving average price is $14.02 and its 200 day moving average price is $13.98. The stock has a market cap of $532.77 million, a P/E ratio of 6.42 and a beta of 0.93. Gladstone Investment has a 12 month low of $11.42 and a 12 month high of $15.34.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The investment management company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Gladstone Investment had a return on equity of 7.33% and a net margin of 83.78%.The business had revenue of $23.54 million during the quarter, compared to analyst estimates of $23.87 million. Equities analysts anticipate that Gladstone Investment will post 0.96 EPS for the current 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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