Gladstone Investment (NASDAQ:GAIN) Hits New 52-Week High - Time to Buy?

Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $15.09 and last traded at $14.95, with a volume of 554 shares changing hands. The stock had previously closed at $14.93.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. LADENBURG THALM/SH SH reaffirmed a "neutral" rating on shares of Gladstone Investment in a research note on Wednesday, May 14th. Citigroup cut shares of Gladstone Investment to a "neutral" rating in a report on Wednesday, May 14th.

Gladstone Investment Stock Performance

The firm has a market capitalization of $554.40 million, a PE ratio of 7.84 and a beta of 0.86. The stock has a fifty day moving average price of $13.79 and a 200-day moving average price of $13.55.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its earnings results on Tuesday, May 13th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. The company had revenue of $27.55 million for the quarter, compared to analyst estimates of $24.96 million. Research analysts expect that Gladstone Investment Co. will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, May 21st. This represents a dividend yield of 6.55%. Gladstone Investment's payout ratio is currently 53.93%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kentucky Trust Co acquired a new stake in shares of Gladstone Investment in the fourth quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. lifted its stake in Gladstone Investment by 37,400.0% during the 1st 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 in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Gladstone Investment during the first quarter worth $71,000. State of Wyoming acquired a new stake in Gladstone Investment in the fourth quarter valued at approximately $105,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Gladstone Investment during the 1st quarter worth about $113,000. 11.85% of the stock is currently owned by institutional investors and hedge funds.

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.