Gladstone Investment (NASDAQ:GAIN - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.
Other equities analysts have also recently issued reports about the company. B. Riley raised Gladstone Investment to a "hold" rating in a research note on Monday, June 16th. Weiss Ratings reissued a "buy (b-)" rating on shares of Gladstone Investment in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Gladstone Investment currently has a consensus rating of "Moderate Buy" and an average target price of $13.50.
Get Our Latest Research Report on GAIN
Gladstone Investment Stock Performance
Shares of GAIN stock opened at $13.94 on Monday. Gladstone Investment has a fifty-two week low of $11.42 and a fifty-two week high of $15.34. The stock has a 50 day moving average price of $14.02 and a two-hundred day moving average price of $13.98. The company has a market capitalization of $532.77 million, a P/E ratio of 6.42 and a beta of 0.93.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The investment management company reported $0.24 earnings per share for the quarter, beating 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 firm had revenue of $23.54 million during the quarter, compared to the consensus estimate of $23.87 million. As a group, equities analysts predict that Gladstone Investment will post 0.96 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in GAIN. Cornerstone Wealth Management LLC grew its position in shares of Gladstone Investment by 15.6% during the first quarter. Cornerstone Wealth Management LLC now owns 11,828 shares of the investment management company's stock worth $158,000 after purchasing an additional 1,600 shares in the last quarter. Realta Investment Advisors lifted its stake in shares of Gladstone Investment by 322.3% in the 2nd quarter. Realta Investment Advisors now owns 42,227 shares of the investment management company's stock valued at $603,000 after purchasing an additional 32,227 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Gladstone Investment during the 1st quarter worth approximately $71,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Gladstone Investment during the 2nd quarter worth approximately $23,814,000. Finally, Melia Wealth LLC lifted its stake in shares of Gladstone Investment by 4.2% during the 1st quarter. Melia Wealth LLC now owns 1,088,798 shares of the investment management company's stock worth $14,546,000 after acquiring an additional 44,377 shares during the last quarter. Institutional investors own 11.85% of the company's stock.
Gladstone Investment Company Profile
(
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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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