Gladstone Investment (NASDAQ:GAIN) Receives "Buy (B-)" Rating from Weiss Ratings

Key Points

• Gladstone Investment (NASDAQ:GAIN) has received a "Buy (B-)" rating from Weiss Ratings, while B. Riley recently upgraded its rating to "Hold".
• The stock is currently priced at $13.62, with a twelve-month range between $11.42 and $15.34 and a market capitalization of $520.54 million.
• Institutional investors and hedge funds own 11.85% of Gladstone Investment, with notable recent purchases by Kingstone Capital Partners and Melia Wealth LLC.

Gladstone Investment (NASDAQ:GAIN - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, B. Riley raised Gladstone Investment to a "hold" rating in a report on Monday, June 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.50.

Gladstone Investment Stock Performance

NASDAQ GAIN opened at $13.62 on Wednesday. Gladstone Investment has a twelve month low of $11.42 and a twelve month high of $15.34. The stock has a market capitalization of $520.54 million, a PE ratio of 6.28 and a beta of 0.93. The stock has a 50-day simple moving average of $14.04 and a 200 day simple moving average of $13.98.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted 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 analysts' expectations of $23.87 million. As a group, equities research analysts forecast that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Gladstone Investment

Hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC bought a new stake in Gladstone Investment during the 2nd quarter worth approximately $23,814,000. Melia Wealth LLC grew its position in Gladstone Investment by 4.1% during the 2nd quarter. Melia Wealth LLC now owns 1,133,030 shares of the investment management company's stock worth $16,168,000 after acquiring an additional 44,232 shares during the last quarter. Outfitter Financial LLC grew its position in Gladstone Investment by 0.6% during the 2nd quarter. Outfitter Financial LLC now owns 202,295 shares of the investment management company's stock worth $2,887,000 after acquiring an additional 1,150 shares during the last quarter. Blair William & Co. IL grew its position in Gladstone Investment by 0.7% during the 2nd quarter. Blair William & Co. IL now owns 169,571 shares of the investment management company's stock worth $2,420,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its position in Gladstone Investment by 4.2% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 112,500 shares of the investment management company's stock valued at $1,503,000 after buying an additional 4,500 shares during the last quarter. 11.85% of the stock is 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.

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